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Novartis

Novartis
Company nameNovartis International AG
Company typePublic AG
IndustryPharmaceuticals
Founded1996 (from merger)
HeadquartersBasel, Switzerland
Key peopleDaniel Vasella (Chairman), Joseph Jimenez (CEO)
ProductsPharmaceuticals, generic drugs, over-the-counter drugs, vaccines, diagnostics, contact lenses, animal health (list...)
Revenue(+) US $50.624 billion (2010)
Operating income(+) US $11.526 billion (2010)
Net income(+) US $9.969 billion (2010)
Total assets(+) US $123.32 billion (end 2010)
Total equity(+) US $69.769 billion (end 2010)
Employees(+) 119,418 (FTE, end 2010)
SubsidiaryCiba Vision, Sandoz, Alcon

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Novartis International AG is a multinational pharmaceutical company based in Basel, Switzerland, ranking number three in sales among the world-wide industry. Company sales totalled 36.173 billion US$ in 2008.

Currently, Novartis is the sixth largest pharmaceutical company in terms of revenue ($41.5 billion in 2009) with a profit margin of about 20%, which is the same as its industry competitors. Novartis profits were down by 31% from 2007 levels.

Novartis manufactures such drugs as clozapine (Clozaril), diclofenac (Voltaren), carbamazepine (Tegretol), valsartan (Diovan), imatinib mesylate and (Gleevec / Glivec). Additional agents include ciclosporin (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 Nestlé 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)


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