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

EuroBiotech Report: Novartis-TxCell, AbbVie rejects Ablynx, Merck KGaA, Medicxi’s Parkinson’s startup and Ascendis

Welcome to the latest edition of our weekly EuroBiotech Report. We start this week in France, where TxCell celebrated hiring a former Novartis researcher to oversee its CAR-Treg programs. The researcher, Li Zhou, spent more than six years working on CAR-T ...
Posted: October 20, 2016, 3:05 am

Novartis’ New Orbis Flying Eye Hospital Helps Fight Blindness in China

In the 10 years Zhang Bin has been an ophthalmologist, he’s performed hundreds of cataract surgeries. Yet he saw there was still tremendous need for improved access to eye care among the 8 million people living in and around Shenyang, where some of his ...
Posted: October 24, 2016, 4:25 am

Research Analysts Offer Predictions for Novartis AG’s FY2019 Earnings (NVS)

Novartis AG (NYSE:NVS) – Equities researchers at Leerink Swann increased their FY2019 EPS estimates for Novartis AG in a report issued on Thursday. Leerink Swann analyst S. Fernandez now forecasts that the firm will earn $6.31 per share for the year, up ...
Posted: October 22, 2016, 10:30 am
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