Alcon sandoz

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Biogen Idec executive Richard Francis is appointed division head at Sandoz, replacing Jeff George who has moved sideways to become head of Alcon from May 1. Alcon's current division head Kevin Buehler is retiring from his position after a year career at the unit. The reshuffle comes as Novartis is in the midst of a review of its operations that is due to complete by the end of the year and - it has been suggested - could see the Swiss pharma major hive off some underperforming business units as part of a bid to reduce costs and boost profitability.

Both the generics and eyecare units grew 3- 5 per cent last year while pharma sales were flat compared to There is no suggestion that either Alcon or Sandoz will leave the Novartis fold, with the company's vaccines, animal health and over-the-counter drugs thought to be most likely to be affected by the review. Novartis has already sold off diagnostics assets, while other big pharma players - notably GlaxoSmithKline and Pfizer - have also gone down this path. Article by Phil Taylor.

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