VIENNA: Novartis Chief Government Joe Jimenez has performed down strategies the Swiss drug maker might bid for Swiss biotech group Actelion, which is in talks with US healthcare group Johnson & Johnson a few transaction.
Requested by Swiss Sunday newspaper SonntagsBlick whether or not Novartis might emerge as a white knight, he stated: “We’ve got all the time stated that we’ll think about complementary acquisitions within the vary of $2 billion to $5 billion.” He didn’t elaborate. Actelion is value almost $20 billion at Friday’s closing worth.
Jimenez stated Novartis was nonetheless gauging what influence President-elect Donald Trump might have on the US healthcare system and was watching what his priorities can be.
“Much less has been invested in america in recent times, in all probability due to excessive company taxes. If these at the moment are minimize, as is being signalled, that’s definitely constructive,” he stated.
He stated Novartis ought to have intervened earlier and extra decisively at its Alcon eye care enterprise, which Novartis purchased in 2010 and had flourished till 2014 when innovation waned.
“We’re disillusioned that the turnaround is taking so lengthy however I’m satisfied that the brand new administration will get the job executed. So far as the way forward for the enterprise is worried we’re retaining all choices open,” he was quoted as saying.
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