- CEO
- Richard Saynor
- Full Time Employees
- 23,000
- Sector
- Health technology
- Industry
- Pharmaceuticals: major
- Address
- Centralbahnstrasse 4 Rotkreuz ZG Switzerland 4051
- IPO Date
- Oct 4, 2023
- Business
- Sandoz Group AG, headquartered in Rotkreuz, Switzerland with operational headquarters in Basel, is the world's leading independent generics and biosimilars pharmaceutical company, spun off from Novartis and incorporated in 2022 following roots dating back to 1886; it develops, manufactures, and markets a broad portfolio of over 1,000 generic products including active ingredients, finished dosage forms of small-molecule drugs, anti-infectives, and intermediates, alongside approximately 30 biosimilars such as protein-based therapies targeting oncology (e.g., recently launched Wyost, Jubbonti, and Pyzchiva), immunology, endocrinology, diabetes, cardiovascular, central nervous system, pain, respiratory, and other therapeutic areas; the company serves healthcare providers and patients in over 100 countries worldwide with high-quality, affordable medicines. Recent strategic developments include signing a definitive agreement in 2025 to acquire Just-Evotec Biologics EU SAS in Toulouse, France for approximately USD 300-350 million plus milestones and royalties to bolster in-house biosimilars manufacturing capabilities via continuous manufacturing technology; investing USD 1.1 billion by 2029 in a new USD 440 million biosimilars production facility in Slovenia to create an end-to-end European hub; strengthening its balance sheet through new bond issuances to repay spin-off term loans and a USD 2 billion revolving credit facility; and advancing a robust pipeline of 28 biosimilars in development targeting a USD 222 billion patent-expiry market opportunity over the next decade.