Friday, November 8, 2013

Novartis Considers Animal Health Unit Sale in Asset Review Nov 07, 2013


Bloomberg.com

Inside sources are reporting that Novartis AG has identified its animal-health business as a top candidate for a sale. Novartis is also considering selling its over-the-counter medicines unit and the vaccines operation, sources said.
Novartis is in the early stages of a portfolio review with Goldman Sachs Group.
Novartis currently has five units: the Alcon eye-care business; pharmaceuticals; vaccines and diagnostics; the Sandoz generic-medicines division; and consumer health, which includes both over-the-counter medicines and animal-health products.

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