RE: Acquisitive, one of many…19 Jan 2023 10:05
Remember Novartis disposed of their stake in Roche, now planning spinoff of Sandoz, this is what their opening comments was at their recent presentation at JP Morgan:
Today, I have the opportunity to – I'm sorry, have to go back here, to really introduce the company in its next form as a pure-play innovative medicines company. Because with the planned spin of Sandoz, for the first time in our history, we will really be a focused company with a focused strategy, and we believe that's a strategy that can create sustained value for shareholders, and importantly – more importantly, sustained value for patients, healthcare and of course, all of the stakeholders that we serve.
Now our vision is to become the most valued and trusted medicines company in the world. That's a long-term vision. Of course, visions like this take decades to form. But that's what animates our organization, gives our organization energy, the relentless pursuit of this goal. And what we've rolled out inside of the company is a focused strategy, one where we really thought hard about where do we want to play and how do we want to win. And our focus now is on five core therapeutic areas, which I'll speak a little bit more about in a moment, five technology platforms; two that you know well, small molecules and biologics; and three, advanced technology platforms that we've been working on now for many years; four, priority geographies that we think will ultimately enable us to grow for the long-term.