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logistics
REGULATORY SUPPORT AND CUSTOMS CLEARANCE
services
logistics
REGULATORY SUPPORT AND CUSTOMS CLEARANCE
08 Sep 2022
Novartis last month announced its intention to spin off its underperforming generics and biosimilars business Sandoz into a new, publicly traded, stand alone company.
The move is intended to increase shareholder value by establishing a top European generics firm and a leader in biosimilars – cheap versions of biologic drugs made from living organisms – internationally.
According to Novartis, Sandoz – which last year generated nearly $10 billion in sales of generics and biosimilars, will emerge as Europe’s leading generics company. Meanwhile, Novartis aims to become a dedicated, innovative pharmaceutical company with a stronger financial profile and a higher return on equity.
The move will allow Novartis shareholders to participate fully in the potential future upside for both Sandoz and Novartis Innovative Medicines. It will also enhance focus and enable independent growth strategies.
The transaction is expected to be completed in the second half of next year subject to market conditions, tax rulings, final board endorsement and shareholder approval.
COREX Logistics is a supply and logistics company with headquarters in Ireland, working with pharma and patients to facilitate improved healthcare worldwide.
Our expert international team works across an 80-country network, specialising in the EMEA region, providing the latest in clinical trial logistics technology and systems, cold-chain delivery, temperature-controlled transportation and storage services. From sourcing, procurement and customs clearance, to labelling, returns and destruction, we cover every link in the supply chain. We also run an established Named Patient Programme and provide Patient-Oriented services. With extensive knowledge and on-the-ground insight into our markets, we create innovative solutions with the ultimate goal of improving the lives of patients.
To learn more about our range of expert services, contact us today on info@corex-logistics.com
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