Novartis Logo – Novartis is a multinational company dedicated to the pharmaceutical industry and biotechnology , is headquartered in the city of Basel inSwitzerland . The company was born from the merger of Ciba-Geigy with Sandoz in 1996 , which at the time was the largest merger in the world. The chief executive officer (CEO) is Joe Jimenez, and the president of the board is Daniel Vasella , regular at the meetings of the Bilderberg Club .
On February 21 of 2005 Novartis announced the acquisition of German generic drug maker Hexal worth of 5,650 million euros . Novartis has been accused by many investigative journalists and writers for being allegedly involved in the creation of a variety of viruses and pathogens deploy vaccine H1N1 .
Since the inception of the company, it has been in continuous surplus. In 2005 the turnover reached USD 32,200 million (14% on the previous year) and earnings reached U.S. $ 6,100 million (10% on the previous year). This result is due in some part to the sale of cancer, leukemia and hypertension.
Novartis is considered one of the five largest pharmaceutical companies in the world (data from IMS, August 2004), besides being an important pillar of the Swiss economy , particularly in the region of Basel , where its headquarters. Its annual turnover is around 20,000 million € (2003).