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NOV 22, 2013 - TheStreet

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Novartis (NVS) Commits to $5 Billion Share Repurchase

NEW YORK (TheStreet) -- Novartis  has committed to returning $5 billion to shareholders through a two-year share repurchase program, a branch of its strategy to "strengthen portfolio and capital allocation." The pharmaceutical company will also accelerate growth through significant research and development and diversification into high-growth treatments such as those for skin and heart disease. "Novartis has reached an inflection point, having fully integrated Alcon and reduced debt," said CEO Joseph Jimenez in a statement. The Basel-based business assumed majority control of ... Read More

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