By Adria Calatayud

Novartis's off-patent medicines division Sandoz said Thursday that it plans to move to new headquarters next year, but remain based in Basel, Switzerland, following its planned separation from its current parent company.

Sandoz, which is due to be spun off from the Swiss pharmaceutical giant in the second half of 2023, said it expects to move from the Novartis campus to its new headquarters in mid-2024.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

June 01, 2023 02:00 ET (06:00 GMT)

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