Novartis
Categories
#48
Rank
$232.68B
Marketcap
Switzerland
Country
Alexander Clavel (Founder)
Johann Rudolf (Founder)
Pharma and Life Sciences
Summary
Novartis, a Swiss-based global healthcare company, is dedicated to improving health outcomes through the development and distribution of innovative medical solutions. With a presence in over 140 countries and a workforce of over 130,000 employees, Novartis is among the largest pharmaceutical companies in the world. The company's product portfolio encompasses a broad range of healthcare solutions, including innovative medicines, eye care, generics, vaccines, and diagnostics, all designed to address previously unmet medical needs.
Novartis's research and development efforts are focused on discovering new treatments and solutions to the most pressing healthcare challenges facing patients and healthcare systems worldwide. The company operates over 50 research and development centers around the globe, reflecting its commitment to advancing medical science and technology. Novartis's innovative approach to healthcare extends beyond the lab and into the realm of social responsibility and philanthropy. The company is actively engaged in initiatives to improve access to healthcare in underserved populations globally, and to promote health and wellness through community-based programs and partnerships.
Novartis's dedication to improving health outcomes and addressing global health challenges underscores its commitment to shaping the future of global healthcare. With a focus on innovation, research, and social responsibility, the company is poised to continue its contributions to the advancement of medical science and the improvement of health outcomes worldwide.
History
Novartis is a pharmaceutical company with a rich history that can be traced back to its founding in 1996. The company was established with the goal of becoming a leader in the pharmaceutical industry and was created through the merger of two top Swiss companies, Ciba-Geigy and Sandoz Laboratories. Since then, Novartis has continued to expand and innovate, making significant strides in the medical field.
One notable milestone in the company's history is its achievement in July 1998 as the first company to sell genetically-modified white corn seeds in the United States. Novartis has also made significant acquisitions throughout its history, including the acquisition of the worldwide adult medical nutrition business of Mead Johnson and Company in 2001.
In 2003, Novartis merged some of its subsidiaries into one company, reusing the predecessor brand name of Sandoz. This move allowed the company to consolidate its efforts and streamline its operations. Additionally, Novartis opened The Novartis Institute for Tropical Disease in Singapore in 2004, further demonstrating its commitment to addressing unmet medical needs around the world.
In 2005, Novartis significantly expanded its subsidiary Sandoz through the US$8.29 billion acquisition of Hexal, one of Germany's leading generic drug companies. Through its continued efforts to innovate and expand, Novartis has established itself as a leading player in the pharmaceutical industry and continues to shape the future of healthcare.
Mission
The company's overarching mission is to improve and extend people's lives through science-based innovation. Novartis recognizes the critical importance of addressing society's most challenging healthcare issues, and it is committed to using science to discover new ways of tackling these challenges. The company's focus is on delivering breakthrough treatments to as many people as possible, so that patients worldwide can benefit from its cutting-edge research and development efforts.
Novartis also recognizes that the future of healthcare depends on more than just scientific innovation. The company is committed to promoting workplace happiness, inclusion, purpose, and charitable giving. Novartis is dedicated to providing a work environment where all employees can thrive and succeed, regardless of background or identity. In addition to promoting a positive and inclusive workplace culture, Novartis is committed to giving back to the communities it serves through philanthropic efforts and charitable giving. By focusing on both scientific innovation and social responsibility, Novartis is poised to continue making a positive impact on the world for years to come.
Vision
Novartis aims to take the lead in shaping a brighter and healthier future for people. The company's ultimate goal is to make a significant contribution towards helping people live longer and healthier lives. Through its extensive research and development initiatives, Novartis endeavors to develop innovative medical solutions that can address some of the most critical global health concerns. Novartis's corporate social responsibility initiatives focus on improving society and protecting the environment. The company strives to create a positive impact on the world by working towards sustainable business practices and being a responsible global citizen.
Key Team
Ana de Pro Gonzalo (Board Member)
Andreas von Planta (Board Member)
Bridgette P. Heller (Board Member)
Charles L. Sawyers (Board Member)
Daniel Hochstrasser (Board Member)
Frans van Houten (Board Member)
Mary Elizabeth Doherty (Board Member)
Nancy C. Andrews (Board Member)
Patrice Bula (Board Member)
Recognition and Awards
Products and Services
Novartis is a global healthcare company based in Basel, Switzerland. It offers a wide range of products and services, including pharmaceuticals, vaccines, over-the-counter (OTC) medicines, generic drugs, consumer health products, animal health products, diagnostics, and medical devices.
Pharmaceuticals: Novartis produces a variety of prescription drugs, including treatments for cancer, heart disease, neurological disorders, eye care, and other medical conditions. It has invested heavily in research and development to create new treatments for diseases.
Vaccines: Novartis develops, manufactures, and markets a wide range of vaccines, including those for seasonal flu, herpes, hepatitis, and human papillomavirus (HPV). It also produces vaccines for animals, such as canine and feline distemper.
OTC Medicines: Novartis sells a range of over-the-counter medicines and dietary supplements, including pain relievers, cold and flu remedies, antacids, and probiotics.
Generic Drugs: Novartis is one of the world’s leading suppliers of generic drugs. These drugs are copies of brand-name drugs that have been
References
- Novartis | Wikipedia
- Novartis |Crunchbase
- Novartis AG history, company profile (overivew) and corporate video | Companieshistory
- Companies ranked by revenue | Companiesmarketcap
- Novartis AG: Overview | Globaldata
- Novartis Pharmaceuticals UK Ltd | Medicines
- Novartis | Forbes
- Novartis Pays Over $642 Million to Settle Allegations of Improper Payments to Patients and Physicians | Justice
- Pharmaceutical Drug Delivery Market Analysis, Status and Business Outlook 2023- Johnson & Johnson, Roche, Merck, Bayer, Pfizer, Novartis, 3M Company | Chaminadetalon
- Novartis acquires Chinook Therapeutics for $3.5bn upfront | Pharmaceutical Business Review
- Novartis Completes Acquisition of Chinook Therapeutics | Yahoo Finance
- Novartis Financial Results – Q2 2023 | Novartis
- Bicycle toasts payback from Novartis as drug pipeline accelerates | Businessweekly
- Novartis plans $15bn buyback after failing to find deals | Financial Times
- Novartis Raises Guidance, Announces Stock Buyback and Spinoff Plans | Investopedia
- Novartis Sells Eye Drugs to Bausch for Up to $2.5 Billion | Bloomberg
- Bausch + Lomb Buys Novartis Drugs for $1.75 Billion Expanding Eye Care Portfolio | Investopedia
- Novartis Boosts Kidney Business with $3.2B Chinook Buy | Biospace
Alexander Clavel (Founder)
Johann Rudolf (Founder)
Pharma and Life Sciences