A relatively weak performance from its Biopharmaceuticals unit led Sandoz to report first-quarter turnover down by 8% to $2.33bn, although the drop in constant currencies was a less severe 2%. Nine percentage points of price erosion, mainly in the US, outweighed seven points of volume gains.
The Novartis division – which will see Richard Saynor take over from interim head Francesco Balestrieri in the third quarter...








