Novartis International AG to Strengthen Biotech, Health Consumer Divisions - CEO

Published: Oct 22, 2007

ZURICH, Oct. 21, 2007 (Thomson Financial delivered by Newstex) -- Novartis (NYSE:NVS) AG continues to strengthen its biotech unit and might consider acquisitions in the segment, chief executive Daniel Vasella said in an interview with Swiss bi-weekly Finanz und Wirtschaft. 'We have strengthened the segment internally. We also have various co-operations with biotech companies...The future will show whether acquisitions will be necessary,' Vasella said.

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