Novartis to Continue to Look for Deals With High Bar, CEO Says -- Market Talk

Dow Jones11-20

1009 GMT - Novartis will continue to look outside the company for deals that can boost growth, but it has set a high bar, the company's CEO Vas Narasimhan says during a call with reporters. The Swiss drugmaker's approach toward mergers and acquisitions remains unchanged, and it is still pursuing high-value assets that can strengthen its growth profile, Narasimhan says. While Novartis's recent $12 billion deal to buy Avidity Biosciences is bigger than the acquisitions it had been making likely, the size of a potential deal isn't a concern, Narasimhan. The company will continue to look for external opportunities as long as they meet its criteria, he adds. Shares fall 0.2%. (adria.calatayud@wsj.com)

 

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November 20, 2025 05:09 ET (10:09 GMT)

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