Novartis acquires cancer unit to boost Sandoz

Switzerland's Novartis has signed a deal to buy the injectable generic cancer drugs business of Austria's EBEWE Pharma for €925 million (SFr1.4 billion).

This content was published on May 20, 2009 - 10:22

Novartis said the transaction would give its generic pharmaceuticals division Sandoz the opportunity to create a "strong global platform" for future growth.

The Basel group said in a statement on Wednesday it would acquire the research, development and manufacturing assets of EBEWE's cancer business, including a production site in Austria, as well as intellectual property and related expertise.

"The addition of EBEWE Pharma's leading portfolio of oncology medicines fits our strategy and improves our ability to help cancer patients around the world by providing easier access to therapies," said Novartis chairman and chief executive Daniel Vasella.

"EBEWE Pharma will further strengthen our pipeline with many planned near-term launches."

The Austrian company, which has about 500 employees and became independent in 2001 through a management buyout, had sales of €188 million in 2008. with agencies

Articles in this story

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.