Novartis Considering Selling Alcon’s CL Care Business
Wednesday, December 2 2015 | 00 h 00 min | News
Bloomberg News is reporting that Novartis is considering selling Alcon’s contact lens care product business. While Alcon’s revenues as a whole grew 3.2% last year, revenues from CL care products fell 7.4%. Alcon’s total revenue last year was $10.8 billion, while revenue from CL care products was $646 million.
Alcon’s total net sales were down 9% in the 2nd quarter of 2015 due in part to the decline in sales of CL care products, as well as lower surgical equipment and intraocular lens sales.
Further Information: http://www.bloomberg.com/news/articles/2015-11-26/novartis-said-to-consider-selling-contact-lens-care-division
