Sandoz begins its journey as an independent company. The pharmaceutical laboratory specializing in off-patent medicines (generic or biosimilars) has announced an investment of fifty million euros until 2025 in the expansion of its plant in Palafolls (Barcelona). The operation is part of the project to strengthen and modernize its antibiotic production network in Europe.
The company ceased to be part of the Novartis structure on October 4th, after its entry as an independent company on the Swiss SIX stock exchange. In this direction, the company has announced that it is strengthening its network of global centers, generating around 150 new additions to the firm’s team. In Madrid, Sandoz has seven of these centers.
Joaquín Rodrigo, president of Sandoz in Spain and general director of the Iberian division, has assured that “our renewed brand reflects our long-standing commitment to innovation in healthcare and our dedication to meeting the global challenge of healthcare,“ according to the manager’s words.
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Sandoz was spun off from Novartis on October 4th, following its listing on the Swiss SIX stock exchange
Specifically, the Sandoz Iberia team plans to make available to professionals and patients a vademecum of more than 200 molecules with more than 600 benefits, among which are one hundred biopatents and eight biosimilars that cover the main therapeutic areas. Secondly, the firm plans to bet, “through transversal collaboration with health agents, on informative attention and the continued training of its professionals.”
Sandoz works with generic or biosimilar medicines with the aim of facilitating patients’ access to health. His portfolio totals more than 1,500 medications and addresses diseases ranging from the common cold to cancer. Based in Basel (Switzerland), its origin dates back to 1886.
After the spin-off of Sandoz, Novartis assured that it could focus its entire strategy on the management of innovative medicines. In addition, the company reaffirmed its forecasts for fiscal year 2023, ensuring that it expected to increase its sales by about 10% and its operating income by between 10% and 15% .
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First published in PlantaDoce. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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