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Alcon bought by

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Since last year, Novartis has focused on building specialized treatments, buying U. Novartis has also been investing in digital technology, including a mobile app, which it will retain, to collect eye disease data from trials of its prescription ophthalmic medicines, which include blockbuster hopeful RTH against macular degeneration.

Narasimhan said Novartis will continue to seek bolt-on acquisitions that boost technology or bring novel medicines that have the potential to transform treatment.

Alcon makes surgical equipment to treat cataracts and contact lenses, businesses that no longer fit with Novartis. Alcon still faces a U. Department of Justice and U. Securities and Exchange Commission investigation into its business practices in Russia and Asia, both before and after Novartis bought Alcon from Nestle.

Narasimhan opted to shed the business to shareholders after a strategy review. The buyback will be partially financed out of proceeds from the sale of its joint venture stake to GSK, Narasimhan said. Narasimhan has called the payments a mistake, and the furor cost Novartis's top lawyer his job. Skip Navigation. Log in here. Already an ACS Member? Your account has been created successfully, and a confirmation email is on the way. Sodium comes to the battery world Is ammonia the fuel of the future?

Novartis intends to complete its acquisition of Alcon. It will then buy what remains of Alcon on the stock market. It later floated part of it on the stock market. The deal is the most recent move by a large pharmaceutical firm to supplement income from traditional prescription drugs by acquiring over-the-counter, generic, or specialty health care businesses. Last month, for example, Sanofi-Aventis announced plans to acquire Chattem, a U.

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Alcon CEO sees positive momentum for product launches in 2022

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