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Novartis has no plans to merge with Roche

: Tuesday, March 04 - 2014 @ 02:40

Chairman of Novartis has said the Swiss pharmaceutical group will work more closely with rival Roche, but ruled out a merger, Reuters has reported. Asked whether the two companies wanted to stay independent, Joerg Reinhardt told Swiss newspaper SonntagsZeitung: “Absolutely.” Novartis holds a third of Roche’s bearer shares.

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Tuesday, March 4- 2014 @ 2:40 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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