Sandoz Group AG

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Sandoz Group AG engages in focusing on generic pharmaceuticals and bio similar medical products. It acquires, manages and sells investments and intellectual property in the healthcare and medical device industry and conducts all business at home and abroad. The firm can acquire, sell, debit and manage interests in other companies, intellectual property rights and real estate at home and abroad, as well as establish branches and subsidiaries at home and abroad. The company was founded on January 17, 2022 and is headquartered in Rotkreuz, Switzerland.

Novartis

Basel, October 4, 2023 – Sandoz, the global leader in generic and biosimilar medicines, today celebrates the start of share trading on the SIX Swiss Exchange as an independent company.

Sandoz enters new era as standalone global leader and European champion in generic and biosimilar medicines

Ad hoc announcement pursuant to Art. 53 LR  Novartis executes separation of the Sandoz business to create an independent company by way of a 100% Spin-off Shares of Sandoz will be listed and commence trading today on the SIX Swiss Exchange Spin-off allows shareholders to benefit from a Novartis with capital and management attention fully focused on innovative medicines Novartis pipeline one of the industry's most competitive, focused on key next-generation platforms and four core therapeutic areas Company reiterates guidance for FY 2023, with sales expected to grow high single digits and core operating income low double digits to mid-teens 1 Novartis to maintain consistent approach to capital allocation priorities including share buy-back and continued strong and growing dividend policy, with no re-basing after the Sandoz Spin-off Basel, October 4, 2023 — Novartis today completed the Spin-off of Sandoz, its Generics and Biosimilars business, through a dividend-in-kind distribution to holders of Novartis shares and American Depositary Receipts (ADRs), with each holder receiving one Sandoz share for every five Novartis shares or one Sandoz ADR for every five Novartis ADRs, held at the close of business on October 3, 2023.

Novartis executes Sandoz Spin-off, completing strategic transformation into a leading, focused innovative medicines company

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