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Novartis has no plans to merge with Roche

March 4, 2014 2:40 am

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.