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Friday, January 22, 2021

Report: Novartis considering sale of contact lens care products, part of Fort Worth-based Alcon

Novartis AG is considering the sale of its contact lens care products, part of its Fort Worth-based Alcon group, according to a Bloomberg news report.

The Bloomberg story reported that the Swiss drugmaker is looking to improve growth at Alcon and that the lens-care business may draw interest from several competitors, citing unidentified individuals involved in the proposed sale.

The report says a sale could bring in as much as $1.6 billion, according to an analyst.

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