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Novartis Plumps For Share Buybacks Before Bolt-On M&A

$15bn Allocated For Scheme

Executive Summary

The Basel-headquartered giant has decided to spend a major chunk of its $20.7bn windfall from the sale of its stake in Roche on a stock repurchasing program up to the end of 2023, disappointing some observers who wanted to see big licensing deals or acquisitions.

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