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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

CSL Says CFO Naylor to Lead Influenza-Vaccine Business

23/04/2015 12:20am

Dow Jones News


Novartis (NYSE:NVS)
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   By Robb M. Stewart 
 

MELBOURNE, Australia--CSL Ltd.'s (CSL.AU) chief financial officer is set to take the reins of the specialty biopharmaceutical company's new influenza-vaccine business, which it aims to launch at the start of next year.

Gordon Naylor, who has had executive-management responsibility for the company's existing vaccines and pharmaceutical business since 2012, will remain in his current role through a transition period with his successor, CSL said Thursday. The company plans to begin an international search for a new CFO shortly.

CSL's proposed new global influenza-vaccine unit will combine its existing operation, bioCSL, and the influenza-vaccine business bought from Novartis AG (NVS) last October for US$275 million. The new vaccine-manufacturing business will have plants in the U.S., U.K., Germany and Australia.

Write to Robb M. Stewart at robb.stewart@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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