Private equity firms poised to bid for Sandoz takeover

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Following the late 2021 reports that Novartis is considering a possible sale or spinoff of its generics (and biosimilars) unit, Sandoz [1, 2], two private equity firms are now reportedly discussing a joint bid for the unit.

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Blackstone and Carlyle Group are reportedly keen to pair up and bid for Sandoz which could be valued at US$25 billion. This interest in the takeover of Sandoz was sparked when the company revealed that they were carrying out a strategic review of the unit due to reduced Sandoz product sales in the US. This is due to conclude at the end of 2022 [1].

This news comes following a recent announcement that the Swiss Social Democratic party are also interested in the purchase and nationalization of the generics unit [2]. Novartis has also hinted that they are aware of other interest in the purchase of Sandoz.

Should Novartis choose to separate from Sandoz, it will follow in the footsteps of Merck’s Organon, a global healthcare company formed through a spinoff from Merck, which has a primary focus of improving the health of women throughout their lives [1].

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References
1. GaBI Online - Generics and Biosimilars Initiative. Spinoff updates Merck’s Organon and Novartis’ Sandoz [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Mar 25]. Available from: www.gabionline.net/pharma-news/spinoff-updates-merck-s-organon-and-novartis-sandoz
2. GaBI Online - Generics and Biosimilars Initiative. Swiss Social Democrat’s for nationalization of Sandoz [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Mar 25]. Available from: www.gabionline.net/pharma-news/swiss-social-democrat-s-for-nationalization-of-sandoz

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