Novartis has outlined its long-term strategy for managing a number of key patent expiries.
The Swiss-based pharma firm plans to consolidate its recent acquisitions, but also continue its ‘de-risking’ strategy. It currently faces the patent expiry on its biggest seller Diovan, which made $1.5 billion in the last quarter.
Novartis chief executive Joseph Jimenez, said:
“Novartis has leading businesses in fast growing segments of healthcare, and by focusing on our strategic priorities we are well positioned to succeed in a rapidly changing healthcare environment."
“Novartis remains committed to the core strategy of focused diversification in high-growth healthcare segments. We are leveraging our core competencies in scientific discovery and development to continue driving innovation, growth and productivity across the businesses.”
- focused diversification in high-growth healthcare segments.
- one of the world’s largest ophthalmology specialist
- generics (Sandoz) to “extend its leadership in this area”
- commitment to R&D
- “portfolio rejuvenation” through launches of new medicines
- rely heavily on its recently approved oral MS drug Gilenya
- strengthen its commercial position in emerging markets (BRIC)
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