Scrip is part of Pharma Intelligence UK Limited

This site is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction

Novartis sells flu vaccine business at knockdown rate

This article was originally published in Scrip

Executive Summary

Novartis has agreed to sell its influenza vaccines business to CSL of Australia for little over half of the annual revenues it generates. CSL is paying $275m, while the business had sales of $527m in 2013. Novartis will book a non-cash impairment charge of $1.1bn to reflect the difference in the book value of the assets being sold and the selling price.

Topics

Related Companies

Latest Headlines
See All
UsernamePublicRestriction

Register

SC026732

Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Thank you for submitting your question. We will respond to you within 2 business days. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel