Latest News - Novartis

Tuesday, April 26, 2016 | Earnings & Financials, Novartis

Novartis May Sell Its $14 Billion Stake in Roche to Fuel Acquisitions

It was built over a decade ago as a basis for a possible merger that never happened. Novartis is discussing options with banks for selling its near $14 billion stake in rival Roche, potentially provid…

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Thursday, March 31, 2016 | Earnings & Financials, Novartis

Novartis Publishes Updated 2015 Segment Financials Reflecting New Division Structure

Novartis announced that it has published updated 2015 quarterly and full-year segment financials reflecting the new division structure, as announced in the January 27, 2016 earnings release, as if the…

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Wednesday, March 30, 2016 | Acquisitions/Mergers, Novartis

Sun Pharma Enters Japanese Prescription Market

Sun Pharma announced the acquisition of 14 established prescription brands from Novartis AG and Novartis Pharma AG in Japan in a deal valued at $293 million. According to the agreements ente…

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Wednesday, January 27, 2016 | Earnings & Financials, Alcon, Novartis

Novartis Announces Major Restructure and Leadership Change to its Alcon Division

Novartis outlined a wide-reaching restructuring plan in an attempt to revive its struggling Alcon unit with the goal of returning its eye care business to growth by the end of the year. As part of …

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Thursday, October 29, 2015 | Earnings & Financials, Novartis

Novartis Shells Out $390M to Settle Specialty Pharmacy Kickback Claims

Novartis agreed to pay about $390 million to wrap up federal kickback claims before the $3.3 billion case went to trial. The Justice Department and a number of U.S. states had sought up to $3.4 billio…

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Friday, September 11, 2015 | Miscellaneous, Novartis

Novartis to Start Human Tests With Google Lens in 2016

Novartis plans the first human tests next year of a "smart" contact lens it is developing with Google designed to help restore the eye's natural autofocus. "This project is progress…

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Wednesday, July 01, 2015 | Product Releases, Novartis

Novartis Launches the First App for Visually Impaired People for Use With the Apple Watch and Other Smart Watches

Novartis announced the release of new features for its ViaOpta applications and the extension for use with smart watches, according to a company news release. The discreet, hands-free nature of using …

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Tuesday, June 16, 2015 | Product Releases, Alcon, Novartis

Alcon Receives European Approval for New Trifocal Presbyopia-Correcting IOL

Alcon has received CE Mark approval in Europe for its AcrySof IQ PanOptix trifocal IOL, according to a company news release. "The AcrySof IQ PanOptix trifocal IOL is a significant innovation w…

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