Novartis Net Worth is$150.4 B
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Company Name: Novartis International AG
Company Logo: Image:Novartis.svg
Company Type: Public company Aktiengesellschaft
Traded As: NOVN, NVS
Foundation: 1996 (from merger)
Location: Basel, Switzerland
Key People: Daniel Vasella (Chairman), Joseph Jimenez (chief executive officer)
Industry: Pharmaceutical industry
Products: Pharmaceuticals, generic drugs, over-the-counter drugs, vaccines, Medical diagnosis, contact lenses, Veterinary medicine (#Products)
Revenue: url
Operating Income: net income
Assets: equity
Num Employees: homepage
Subsid: Ciba Vision, Sandoz, Alcon, Chiron Corporation
List: yes
Novartis International AG is a Swiss multinational pharmaceutical company based in Basel, Switzerland, ranking number two in sales (46.806 billion US$) among the world-wide industry in 2010.
Novartis manufactures such drugs as clozapine (Clozaril), diclofenac (Voltaren), carbamazepine (Tegretol), valsartan (Diovan), imatinib mesylate and (Gleevec / Glivec). Additional agents include cyclosporin (Neoral / Sandimmun), letrozole (Femara), methylphenidate (Ritalin), terbinafine (Lamisil), and others.
Renamed to Novartis following an acquisition by Ciba-Geigy, it owns Sandoz, a large manufacturer of generic drugs. The company formerly owned the Gerber Products Company, a major infant and baby products producer, but sold it to NestlA(C) on 1 September 2007.
Novartis is a full member of the European Federation of Pharmaceutical Industries and Associations (EFPIA) and of the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA).
Novartis was created in 1996 from the merger of Ciba-Geigy and Sandoz Laboratories, both Swiss companies with long histories. Ciba-Geigy was formed in 1970 by the merger of J. R. Geigy Ltd (founded in Basel in 1758) and CIBA (founded in Basel in 1859). Combining the histories of the merger partners, the company's effective history spans 250 years.
In 1859, Alexander Clavel (1805a??1873) took up the production of fuchsine in his factory for silk-dyeing works in Basel. In 1864, a new site for the production of synthetic dyes was constructed, and in 1873, Clavel sold his dye factory to the new company Bindschedler and Busch. In 1884, Bindschedler and Busch was transformed into a joint-stock company with the name "Gesellschaft fA 1/4 r Chemische Industrie Basel" (Company for Chemical Industry Basel). The acronym, CIBA, was adopted as the company's name in 1945.
Johann Rudolf Geigy-Gemuseus (1733a??1793) began trading in 1758 in "materials, chemicals, dyes and drugs of all kinds" in Basel, Switzerland. Johann

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Novartis Latest News

Biogen loses edge on blockbuster rare disease market with Novartis' FDA approval

Cambridge pharma giant Biogen now has competition for one of its revenue-driving drugs: The company lost market exclusivity after the FDA approved a competitor to its blockbuster product Spinraza ...
Posted: May 24, 2019, 12:57 pm

FDA approves Novartis' $2.1 million gene therapy — making it the world's most expensive drug

The therapy, Zolgensma, is a one-time treatment for spinal muscular atrophy — a muscle-wasting disease and leading genetic cause of infant mortality, affecting 1 in every... United Airlines will take ...
Posted: May 24, 2019, 4:53 pm

Novartis gets FDA nod for advanced breast-cancer treatment

Novartis AG NVS, +3.65% said late Friday the U.S. Food and Drug Administration has approved one of its treatments for a type of advanced breast cancer afflicting patients carrying a gene mutation. The ...
Posted: May 24, 2019, 1:44 pm
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