jueves, 7 de diciembre de 2017

USA: Novartis "suelta lastre"...Sandoz genéricos

.

The market for generic pills has gotten so bad in the U.S. that Novartis is thinking about selling off its oral solids business there, outgoing CEO Joseph Jimenez has told analysts.


The question of whether the Swiss drugmaker would ever spin off its Sandoz generics business came up during a conversation that Bernstein analysts had last week with Jimenez and drug development chief Vas Narasimhan, who will take over as CEO Feb. 1.

The CEO said that Novartis still likes the generics business outside the U.S., where he said biosimilars have given Sandoz a leading position, but it is thinking about exiting the oral solids portion of this business in the U.S. as that market continues to deteriorate, Bernstein analyst Tim Anderson recounted for clients in a note today.

So we are examining our options, inclusive of a spin,” Jimenez told the analyst.(...)

For Novartis, the price competition translated into a 13% generic sales decline in the U.S. in the third quarter. Sandoz reported sales of $2.6 billion, up up 1% in constant currencies, which were salvaged by 9% growth in the rest of the world.

Novartis hinted it was looking at such a move a couple of months ago when it said it would close a 450-employee generics API plant in Broomfield, Colorado.

"Novartis is currently experiencing above-average pricing pressure in our U.S. portfolio. With several products no longer competitive in saturated markets, we have made the decision to discontinue or divest these limited growth products to optimize our product portfolio," the spokesman said at the time.(Más)



Publicar un comentario