Novartis on Alcon: All Options are Open

Monday, November 14 2016 | 00 h 00 min | News

Reuters reported yesterday, that Swiss parent of Alcon, drugmaker Novartis is considering the sale of its eye care unit Alcon. The source is an interview with the Swiss weekly SonntagsZeitung.

Novartis Chief Executive Joe Jimenez said that the turnaround at Alcon will take longer than expected, citing October unit sales to be flat to declining.

Chairman Joerg Reihhard indicated the division has not developed as expected, “In the long run, the questions arises as to whether we are the best owner for Alcon.”

Infoclip.ca has reported that Novartis was considering selling Alcon’s contact lens care business December 2, 2015 and that Alcon had replaced their CEO and restructured after poor earnings report in January 2016.

Source: http://www.reuters.com/article/us-novartis-divestiture-alcon-idUSKBN1380EZ

Featured Posts

Voila November-December 2024 COS Dynamic_Dawn_5572

Urban Style for an Effortless Statement

Featuring nylor half-rim shapes on top, Silhouette’s Dynamic Dawn offers an understated look.

Learn More

AAO Recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care

The American Academy of Optometry (AAO) was recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care during Academy 2024 Indianapolis, November 6-9, 2024.

Read more

Registration Opens for Vision Expo East in Orlando, Florida 2025

New Location, Show Experience and Brand Identity Emphasizing Innovation, Fashion and Community

Read more

Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Read more

Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read more

Voila November-December 2024 COS Dynamic_Dawn_5572

Urban Style for an Effortless Statement

Featuring nylor half-rim shapes on top, Silhouette’s Dynamic Dawn offers an understated look.

Learn More

AAO Recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care

The American Academy of Optometry (AAO) was recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care during Academy 2024 Indianapolis, November 6-9, 2024.

Read More

Registration Opens for Vision Expo East in Orlando, Florida 2025

New Location, Show Experience and Brand Identity Emphasizing Innovation, Fashion and Community

Read More

Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Read More

Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read More

Voila November-December 2024 COS Dynamic_Dawn_5572

Urban Style for an Effortless Statement

Featuring nylor half-rim shapes on top, Silhouette’s Dynamic Dawn offers an understated look.

Learn More

AAO Recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care

The American Academy of Optometry (AAO) was recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care during Academy 2024 Indianapolis, November 6-9, 2024.

Read more

Registration Opens for Vision Expo East in Orlando, Florida 2025

New Location, Show Experience and Brand Identity Emphasizing Innovation, Fashion and Community

Read more

Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Read more

Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read more

Voila November-December 2024 COS Dynamic_Dawn_5572

Urban Style for an Effortless Statement

Featuring nylor half-rim shapes on top, Silhouette’s Dynamic Dawn offers an understated look.

Learn More

AAO Recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care

The American Academy of Optometry (AAO) was recognized as a Cochrane Eyes and Vision (CEV) Center for Evidence-based Vision Care during Academy 2024 Indianapolis, November 6-9, 2024.

Read more

Registration Opens for Vision Expo East in Orlando, Florida 2025

New Location, Show Experience and Brand Identity Emphasizing Innovation, Fashion and Community

Read more

Voila November-December 2024 WestGroupe Kliik K-774

Striking Retro Glam by KLiiK denmark

K-774’s retro-inspired look features patterned base acetate and custom lamination on the temple, creating a striking look where colours blend seamlessly.

Read more

Night vision technology view through a night vision device, showing a person standing on rocky terrain with trees in the background. The image is green-tinted with a grid overlay, typical of night vision imagery.

ABCs of Optics: N is for Night Vision (part 3 of 3)

Delve into the world of night vision technology. From thermal imaging to infrared systems, explore how these innovations improve our ability to see in the dark.

Read more