Novartis considers selling ophthalmology, respiratory units to invest in cutting-edge medicines
Any sale of the ophthalmology and respiratory businesses is likely to begin in 2023, after the process for Sandoz is completed, the Bloomberg report said.;
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Basel: Swiss drugmaker Novartis AG is considering selling its ophthalmology and respiratory units, a Bloomberg report said on Wednesday, citing people familiar with the matter.
The company is seeking to raise money from the possible sale of the assets to invest in cutting-edge medicines, the report said, adding that the ophthalmology unit could alone fetch about $5 billion.
The drugmaker declined to comment on the report.
Read also: Novartis allows generic Leukemia drug production in 7 nations: Bloomberg
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