Novartis issued an invitation to an Extraordinary General Meeting (EGM) of Novartis shareholders scheduled for 15 September 2023 to vote on the approach to the proposed spin-off of Sandoz, which includes the planned spin-off effective date of 4 October 2023.
On 18 July 2023, Novartis’ board unanimously endorsed a Q4/23 Sandoz spin-off.