Novartis’s Sandoz division will not make a profit on 15 generic drugs it is making available to developing countries to treat symptoms of Covid-19, the Swiss drugmaker has said.
Novartis said it would provide medicines ranging from antibiotics and steroids to diarrhoea pills to 79 countries on the World Bank’s list of low- and lower-middle income nations.
The Basel-based drugmaker plans to maintain the zero-profit programme until the pandemic ends or a vaccine or cure is found, Novartis Global Health Chief Operating Officer Lutz Hegemann said in an interview.
Read more here.
