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NVS Novartis AG

97.44
-1.62 (-1.64%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Novartis AG NYSE:NVS NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -1.62 -1.64% 97.44 98.22 97.44 97.76 1,562,845 01:00:00

BASF to Invest in Novartis's Austrian Facility

03/05/2021 2:59pm

Dow Jones News


Novartis (NYSE:NVS)
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From Apr 2021 to Apr 2024

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   By Mauro Orru 
 

BASF SE said Monday that it has agreed with Sandoz GmbH, a subsidiary of Swiss pharmaceutical major Novartis AG, to make investments at the company's Kundl/Schaftenau Campus in Austria.

The German chemicals company didn't disclose financial details for the agreement signed on April 26, which is aimed at bolstering BASF's production footprint for enzymes and biotechnology products.

The start of production is planned for 2024, BASF said.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

(END) Dow Jones Newswires

May 03, 2021 09:44 ET (13:44 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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