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v3.23.1

Principal Group subsidiaries and associated companies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Disclosure of subsidiaries [abstract] |
Principal Group subsidiaries and associated companies |
As at December 31, 2022 |  |  |  |  | Share capital1 |  |  | Equity interest |
Algeria |  |  |  |  |  |  |  |  |
Société par actions SANDOZ |  | Algiers |  | DZD | 650.0 | m |  | 100% |
Argentina |  |  |  |  |  |  |  |  |
Novartis Argentina S.A. |  | Buenos Aires |  | ARS | 906.1 | m |  | 100% |
Australia |  |  |  |  |  |  |  |  |
Novartis Australia Pty Ltd |  | Macquarie Park, NSW |  | AUD | 2 |  |  | 100% |
Novartis Pharmaceuticals Australia Pty Ltd |  | Macquarie Park, NSW |  | AUD | 3.8 | m |  | 100% |
Sandoz Pty Ltd |  | Macquarie Park, NSW |  | AUD | 11.6 | m |  | 100% |
Austria |  |  |  |  |  |  |  |  |
Novartis Austria GmbH |  | Vienna |  | EUR | 1.0 | m |  | 100% |
Novartis Pharma GmbH |  | Vienna |  | EUR | 1.1 | m |  | 100% |
Sandoz GmbH |  | Kundl |  | EUR | 32.7 | m |  | 100% |
EBEWE Pharma Ges.m.b.H Nfg. KG |  | Unterach am Attersee |  | EUR | 1.0 | m |  | 100% |
Bangladesh |  |  |  |  |  |  |  |  |
Novartis (Bangladesh) Limited |  | Gazipur |  | BDT | 162.5 | m |  | 60% |
Belgium |  |  |  |  |  |  |  |  |
Novartis Pharma NV |  | Vilvoorde |  | EUR | 72.1 | m |  | 100% |
Sandoz NV |  | Vilvoorde |  | EUR | 19.2 | m |  | 100% |
Alcon - Couvreur NV |  | Puurs |  | EUR | 110.6 | m |  | 100% |
Bermuda |  |  |  |  |  |  |  |  |
Novartis Investment Ltd. |  | Hamilton 2 |  | USD | 12 000 |  |  | 100% |
Novartis Securities Investment Ltd. |  | Hamilton |  | CHF | 30 000 |  |  | 100% |
Novartis Finance Services Ltd. |  | Hamilton |  | CHF | 20 000 |  |  | 100% |
Triangle International Reinsurance Limited |  | Hamilton |  | CHF | 1.0 | m |  | 100% |
Trinity River Insurance Co Ltd. |  | Hamilton |  | USD | 370 000 |  |  | 100% |
Brazil |  |  |  |  |  |  |  |  |
Novartis Biociências S.A. |  | São Paulo |  | BRL | 507.1 | m |  | 100% |
Sandoz do Brasil Indústria Farmacêutica Ltda. |  | Cambé, PR |  | BRL | 190.0 | m |  | 100% |
Canada |  |  |  |  |  |  |  |  |
Novartis Pharmaceuticals Canada Inc. |  | Dorval, Quebec |  | CAD | 1.2 | m |  | 100% |
Sandoz Canada Inc. |  | Boucherville, Quebec |  | CAD | 80.8 | m |  | 100% |
Chile |  |  |  |  |  |  |  |  |
Novartis Chile S.A. |  | Santiago de Chile |  | CLP | 2.0 | bn |  | 100% |
China |  |  |  |  |  |  |  |  |
Beijing Novartis Pharma Co., Ltd. |  | Beijing |  | USD | 30.0 | m |  | 100% |
Novartis Pharmaceuticals (HK) Limited |  | Hong Kong |  | HKD | 200 |  |  | 100% |
China Novartis Institutes for BioMedical Research Co., Ltd. |  | Shanghai |  | USD | 320.0 | m |  | 100% |
Suzhou Novartis Technical Development Co., Ltd. |  | Changshu |  | USD | 12.0 | m |  | 100% |
Shanghai Novartis Trading Ltd. |  | Shanghai |  | USD | 3.2 | m |  | 100% |
Sandoz (China) Pharmaceutical Co., Ltd. |  | Zhongshan |  | USD | 57.6 | m |  | 100% |
Colombia |  |  |  |  |  |  |  |  |
Novartis de Colombia S.A. |  | Santafé de Bogotá |  | COP | 7.9 | bn |  | 100% |
Croatia |  |  |  |  |  |  |  |  |
Sandoz d.o.o. farmaceutska industrija |  | Zagreb |  | HRK | 25.6 | m |  | 100% |
Czech Republic |  |  |  |  |  |  |  |  |
Novartis s.r.o. |  | Prague |  | CZK | 51.5 | m |  | 100% |
Sandoz s.r.o. |  | Prague |  | CZK | 44.7 | m |  | 100% |
Denmark |  |  |  |  |  |  |  |  |
Novartis Healthcare A/S |  | Copenhagen |  | DKK | 14.0 | m |  | 100% |
Sandoz A/S |  | Copenhagen |  | DKK | 12.0 | m |  | 100% |
Ecuador |  |  |  |  |  |  |  |  |
Novartis Ecuador S.A. |  | Quito |  | USD | 4.0 | m |  | 100% |
Egypt |  |  |  |  |  |  |  |  |
Novartis Pharma S.A.E. |  | Cairo |  | EGP | 1.3 | bn |  | 99.96% |
Sandoz Egypt Pharma S.A.E. |  | New Cairo City |  | EGP | 250 000 |  |  | 100% |
Finland |  |  |  |  |  |  |  |  |
Novartis Finland Oy |  | Espoo |  | EUR | 459 000 |  |  | 100% |
As at December 31, 2022 |  |  |  |  | Share capital1 |  |  | Equity interest |
France |  |  |  |  |  |  |  |  |
Novartis Groupe France S.A. |  | Rueil-Malmaison |  | EUR | 903.0 | m |  | 100% |
Novartis Pharma S.A.S. |  | Rueil-Malmaison |  | EUR | 43.4 | m |  | 100% |
Novartis Gene Therapies France SAS |  | Rueil-Malmaison |  | EUR | 10 000 |  |  | 100% |
Advanced Accelerator Applications S.A. |  | Rueil-Malmaison |  | EUR | 9.6 | m |  | 99.23% |
Advanced Accelerator Applications Molecular Imaging France |  | Saint-Genis-Pouilly |  | EUR | 7.5 | m |  | 99.23% |
CELLforCURE |  | Les Ulis |  | EUR | 4.2 | m |  | 100% |
Sandoz S.A.S. |  | Levallois-Perret |  | EUR | 5.4 | m |  | 100% |
Germany |  |  |  |  |  |  |  |  |
Novartis Deutschland GmbH |  | Nuremberg |  | EUR | 155.5 | m |  | 100% |
Novartis Business Services GmbH |  | Wehr |  | EUR | 25 000 |  |  | 100% |
Novartis Pharma GmbH |  | Nuremberg |  | EUR | 25.6 | m |  | 100% |
Novartis Pharma Produktions GmbH |  | Wehr |  | EUR | 2.0 | m |  | 100% |
Sandoz International GmbH |  | Holzkirchen |  | EUR | 100 000 |  |  | 100% |
1 A Pharma GmbH |  | Holzkirchen |  | EUR | 26 000 |  |  | 100% |
HEXAL AG |  | Holzkirchen |  | EUR | 93.7 | m |  | 100% |
Salutas Pharma GmbH |  | Barleben |  | EUR | 42.1 | m |  | 100% |
Aeropharm GmbH |  | Rudolstadt |  | EUR | 26 000 |  |  | 100% |
Greece |  |  |  |  |  |  |  |  |
Novartis (Hellas) S.A.C.I. |  | Metamorphosis / Athens |  | EUR | 233.9 | m |  | 100% |
Hungary |  |  |  |  |  |  |  |  |
Novartis Hungary Healthcare Limited Liability Company |  | Budapest |  | HUF | 545.6 | m |  | 100% |
Sandoz Hungary Limited Liability Company |  | Budapest |  | HUF | 883.0 | m |  | 100% |
India |  |  |  |  |  |  |  |  |
Novartis India Limited |  | Mumbai |  | INR | 123.5 | m |  | 70.68% |
Novartis Healthcare Private Limited |  | Mumbai |  | INR | 60.0 | m |  | 100% |
Sandoz Private Limited |  | Mumbai |  | INR | 32.0 | m |  | 100% |
Indonesia |  |  |  |  |  |  |  |  |
PT. Novartis Indonesia |  | Jakarta |  | IDR | 7.7 | bn |  | 100% |
Ireland |  |  |  |  |  |  |  |  |
Novartis Ireland Limited |  | Dublin |  | EUR | 25 000 |  |  | 100% |
Novartis Integrated Services Limited |  | Cork City |  | EUR | 100 |  |  | 100% |
Novartis Gene Therapies EU Limited |  | Dublin |  | EUR | 100 |  |  | 100% |
Israel |  |  |  |  |  |  |  |  |
Novartis Israel Ltd. |  | Tel Aviv |  | ILS | 1 000 |  |  | 100% |
Italy |  |  |  |  |  |  |  |  |
Novartis Farma S.p.A. |  | Milan |  | EUR | 18.2 | m |  | 100% |
Advanced Accelerator Applications (Italy) S.r.l. |  | Pozzilli |  | EUR | 119 000 |  |  | 99.23% |
Sandoz S.p.A. |  | Origgio |  | EUR | 1.7 | m |  | 100% |
Japan |  |  |  |  |  |  |  |  |
Novartis Pharma K.K. |  | Tokyo |  | JPY | 100.0 | m |  | 100% |
Ciba-Geigy Japan Limited |  | Tokyo |  | JPY | 100.0 | m |  | 100% |
Sandoz K.K. |  | Tokyo |  | JPY | 100.0 | m |  | 100% |
Latvia |  |  |  |  |  |  |  |  |
Novartis Baltics SIA |  | Riga |  | EUR | 3.0 | m |  | 100% |
Luxembourg |  |  |  |  |  |  |  |  |
Novartis Investments S.à r.l. |  | Luxembourg City 2 |  | USD | 100.0 | m |  | 100% |
Novartis Finance S.A. |  | Luxembourg City |  | USD | 100 000 |  |  | 100% |
Malaysia |  |  |  |  |  |  |  |  |
Novartis Corporation (Malaysia) Sdn. Bhd. |  | Petaling Jaya |  | MYR | 3.3 | m |  | 100% |
Mexico |  |  |  |  |  |  |  |  |
Novartis Farmacéutica, S.A. de C.V. |  | Mexico City |  | MXN | 205.0 | m |  | 100% |
Sandoz, S.A. de C.V. |  | Mexico City |  | MXN | 468.2 | m |  | 100% |
Morocco |  |  |  |  |  |  |  |  |
Novartis Pharma Maroc SA |  | Casablanca |  | MAD | 80.0 | m |  | 100% |
Netherlands |  |  |  |  |  |  |  |  |
Novartis Netherlands B.V. |  | Amsterdam |  | EUR | 1.4 | m |  | 100% |
Novartis Pharma B.V. |  | Amsterdam |  | EUR | 4.5 | m |  | 100% |
IDB Holland BV |  | Baarle-Nassau |  | EUR | 18 000 |  |  | 99.23% |
Sandoz B.V. |  | Almere |  | EUR | 907 560 |  |  | 100% |
New Zealand |  |  |  |  |  |  |  |  |
Novartis New Zealand Ltd |  | Auckland |  | NZD | 820 000 |  |  | 100% |
As at December 31, 2022 |  |  |  |  | Share capital1 |  |  | Equity interest |
Norway |  |  |  |  |  |  |  |  |
Novartis Norge AS |  | Oslo |  | NOK | 1.5 | m |  | 100% |
Pakistan |  |  |  |  |  |  |  |  |
Novartis Pharma (Pakistan) Limited |  | Karachi |  | PKR | 6.7 | bn |  | 99.99% |
Panama |  |  |  |  |  |  |  |  |
Novartis Pharma (Logistics), Inc. |  | Panama City |  | USD | 10 000 |  |  | 100% |
Philippines |  |  |  |  |  |  |  |  |
Novartis Healthcare Philippines, Inc. |  | Makati City |  | PHP | 298.8 | m |  | 100% |
Sandoz Philippines Corporation |  | Makati City |  | PHP | 30.0 | m |  | 100% |
Poland |  |  |  |  |  |  |  |  |
Novartis Poland Sp. z o.o. |  | Warsaw |  | PLN | 44.2 | m |  | 100% |
Sandoz Polska Sp. z o.o. |  | Warsaw |  | PLN | 25.6 | m |  | 100% |
Lek S.A. |  | Strykow |  | PLN | 11.4 | m |  | 100% |
Portugal |  |  |  |  |  |  |  |  |
Novartis Portugal, S.G.P.S., Lda. |  | Porto Salvo |  | EUR | 500 000 |  |  | 100% |
Novartis Farma - Produtos Farmacêuticos, S.A. |  | Porto Salvo |  | EUR | 2.4 | m |  | 100% |
Sandoz Farmacêutica, Lda. |  | Porto Salvo |  | EUR | 499 900 |  |  | 100% |
Romania |  |  |  |  |  |  |  |  |
Novartis Pharma Services Romania S.R.L. |  | Bucharest |  | RON | 3.0 | m |  | 100% |
Sandoz S.R.L. |  | Targu-Mures |  | RON | 119.5 | m |  | 100% |
Russian Federation |  |  |  |  |  |  |  |  |
Novartis Pharma LLC |  | Moscow |  | RUB | 20.0 | m |  | 100% |
Novartis Neva LLC |  | St. Petersburg |  | RUB | 500.0 | m |  | 100% |
JSC Sandoz |  | Moscow |  | RUB | 57.4 | m |  | 100% |
Saudi Arabia |  |  |  |  |  |  |  |  |
Novartis Saudi Ltd. |  | Riyadh |  | SAR | 30.0 | m |  | 100% |
Singapore |  |  |  |  |  |  |  |  |
Novartis (Singapore) Pte Ltd. |  | Singapore |  | SGD | 100 000 |  |  | 100% |
Novartis Singapore Pharmaceutical Manufacturing Pte Ltd |  | Singapore |  | SGD | 45.0 | m |  | 100% |
Novartis Asia Pacific Pharmaceuticals Pte Ltd |  | Singapore |  | SGD | 39.0 | m |  | 100% |
Slovakia |  |  |  |  |  |  |  |  |
Novartis Slovakia s.r.o. |  | Bratislava |  | EUR | 2.0 | m |  | 100% |
Slovenia |  |  |  |  |  |  |  |  |
Lek Pharmaceuticals d.d. |  | Ljubljana |  | EUR | 48.4 | m |  | 100% |
Sandoz Pharmaceuticals d.d. |  | Ljubljana |  | EUR | 1.5 | m |  | 100% |
South Africa |  |  |  |  |  |  |  |  |
Novartis South Africa (Pty) Ltd |  | Midrand |  | ZAR | 86.3 | m |  | 100% |
Sandoz South Africa (Pty) Ltd |  | Midrand |  | ZAR | 3.0 | m |  | 100% |
South Korea |  |  |  |  |  |  |  |  |
Novartis Korea Ltd. |  | Seoul |  | KRW | 24.5 | bn |  | 100% |
Spain |  |  |  |  |  |  |  |  |
Novartis Farmacéutica, S.A. |  | Barcelona |  | EUR | 63.0 | m |  | 100% |
Advanced Accelerator Applications Iberica, S.L.U. |  | Esplugues de Llobregat |  | EUR | 22.6 | m |  | 99.23% |
Sandoz Farmacéutica S.A. |  | Madrid |  | EUR | 270 450 |  |  | 100% |
Sandoz Industrial Products S.A. |  | Les Franqueses del Vallés / Barcelona |  | EUR | 9.3 | m |  | 100% |
Abadia Retuerta S.A. |  | Sardón de Duero / Valladolid |  | EUR | 6.0 | m |  | 100% |
Sweden |  |  |  |  |  |  |  |  |
Novartis Sverige AB |  | Stockholm |  | SEK | 5.0 | m |  | 100% |
Switzerland |  |  |  |  |  |  |  |  |
Novartis International AG |  | Basel |  | CHF | 10.0 | m |  | 100% |
Novartis Holding AG |  | Basel 2 |  | CHF | 100.2 | m |  | 100% |
Novartis International Pharmaceutical Investment AG |  | Basel |  | CHF | 100 000 |  |  | 100% |
Novartis Bioventures AG |  | Basel |  | CHF | 100 000 |  |  | 100% |
Novartis Forschungsstiftung |  | Basel 3 |  | -- | -- |  |  | -- |
Novartis Stiftung für Kaderausbildung |  | Basel 3 |  | -- | -- |  |  | -- |
Novartis-Mitarbeiterbeteiligungsstiftung |  | Basel 3 |  | -- | -- |  |  | -- |
Novartis Stiftung für Mensch und Umwelt |  | Basel 3 |  | -- | -- |  |  | -- |
Stiftung der Novartis AG für Erziehung, Ausbildung und Bildung |  | Basel 3 |  | -- | -- |  |  | -- |
Novartis Overseas Investments AG |  | Basel |  | CHF | 1.0 | m |  | 100% |
Japat AG |  | Basel |  | CHF | 50 000 |  |  | 100% |
Novartis Pharma AG |  | Basel 2 |  | CHF | 350.0 | m |  | 100% |
Novartis Pharma Services AG |  | Basel |  | CHF | 20.0 | m |  | 100% |
Novartis Pharma Schweizerhalle AG |  | Muttenz |  | CHF | 18.9 | m |  | 100% |
Novartis Pharma Stein AG |  | Stein |  | CHF | 251 000 |  |  | 100% |
Novartis Pharma Schweiz AG |  | Risch |  | CHF | 5.0 | m |  | 100% |
Cellerys AG |  | Schlieren |  | CHF | 129 630 |  |  | 20% |
Arctos Medical AG |  | Bern |  | CHF | 360 020 |  |  | 100% |
Novartis Innovative Therapies AG |  | Risch |  | CHF | 100 000 |  |  | 100% |
Advanced Accelerator Applications International SA |  | Geneva |  | CHF | 9.3 | m |  | 99.23% |
Sandoz AG |  | Basel 2 |  | CHF | 5.0 | m |  | 100% |
Sandoz Pharmaceuticals AG |  | Risch |  | CHF | 100 000 |  |  | 100% |
As at December 31, 2022 |  |  |  |  | Share capital1 |  |  | Equity interest |
Taiwan |  |  |  |  |  |  |  |  |
Novartis (Taiwan) Co., Ltd. |  | Taipei |  | TWD | 170.0 | m |  | 100% |
Thailand |  |  |  |  |  |  |  |  |
Novartis (Thailand) Limited |  | Bangkok |  | THB | 302.0 | m |  | 100% |
Turkey |  |  |  |  |  |  |  |  |
Novartis Saglik, Gida ve Tarim Ürünleri Sanayi ve Ticaret A.S. |  | Istanbul |  | TRY | 448.0 | m |  | 100% |
Farmanova Saglik Hizmetleri Ltd. Sti. |  | Istanbul |  | TRY | 6.7 | m |  | 100% |
Sandoz Ilaç Sanayi ve Ticaret A.S. |  | Istanbul |  | TRY | 880.0 | m |  | 99.99% |
Sandoz Grup Saglik Ürünleri Ilaçlari Sanayi ve Ticaret A.S. |  | Gebze - Kocaeli |  | TRY | 96.0 | m |  | 100% |
Ukraine |  |  |  |  |  |  |  |  |
Sandoz Ukraine LLC |  | Kyiv |  | UAH | 8.0 | m |  | 100% |
United Arab Emirates |  |  |  |  |  |  |  |  |
Novartis Middle East FZE |  | Dubai |  | AED | 7.0 | m |  | 100% |
United Kingdom |  |  |  |  |  |  |  |  |
Novartis UK Limited |  | London |  | GBP | 25.5 | m |  | 100% |
Novartis Pharmaceuticals UK Limited |  | London |  | GBP | 5.4 | m |  | 100% |
Novartis Grimsby Limited |  | London |  | GBP | 250.0 | m |  | 100% |
Advanced Accelerator Applications (UK & Ireland) |  | London |  | GBP | 100 |  |  | 99.23% |
Neutec Pharma Limited |  | London |  | GBP | 7.7 | m |  | 100% |
Gyroscope Therapeutics Limited |  | London |  | GBP | 1 492 |  |  | 100% |
Sandoz Limited |  | Frimley / Camberley |  | GBP | 2.0 | m |  | 100% |
United States of America |  |  |  |  |  |  |  |  |
Novartis Corporation |  | East Hanover, NJ |  | USD | 72.2 | m |  | 100% |
Novartis Finance Corporation |  | East Hanover, NJ 2 |  | USD | 1 000 |  |  | 100% |
Novartis Capital Corporation |  | East Hanover, NJ |  | USD | 1 |  |  | 100% |
Novartis Services, Inc. |  | East Hanover, NJ |  | USD | 1 |  |  | 100% |
Novartis US Foundation |  | East Hanover, NJ 3 |  | -- | -- |  |  | -- |
Novartis Pharmaceuticals Corporation |  | East Hanover, NJ 2 |  | USD | 650 |  |  | 100% |
Advanced Accelerator Applications USA, Inc. |  | Millburn, NJ |  | USD | 1 |  |  | 99.23% |
Novartis Gene Therapies, Inc. |  | Bannockburn, IL |  | USD | 1 |  |  | 100% |
Novartis Technology LLC |  | East Hanover, NJ |  | -- | -- |  |  | -- |
Novartis Institutes for BioMedical Research, Inc. |  | Cambridge, MA |  | USD | 1 |  |  | 100% |
Cadent Therapeutics |  | Cambridge, MA |  | USD | 0.1 |  |  | 100% |
Endocyte, Inc. |  | East Hanover, NJ |  | USD | 1 |  |  | 100% |
Navigate BioPharma Services, Inc. |  | Carlsbad, CA |  | USD | 1 |  |  | 100% |
The Medicines Company |  | East Hanover, NJ |  | USD | 1 000 |  |  | 100% |
Sandoz Inc. |  | Princeton, NJ |  | USD | 25 000 |  |  | 100% |
Oriel Therapeutics, Inc. |  | Durham, NC |  | USD | 50.0 | m |  | 100% |
Fougera Pharmaceuticals Inc. |  | Melville, NY |  | USD | 1 |  |  | 100% |
Eon Labs, Inc. |  | Princeton, NJ |  | USD | 1 |  |  | 100% |
Venezuela |  |  |  |  |  |  |  |  |
Novartis de Venezuela, S.A. |  | Caracas |  | VES | 0 |  |  | 100% |
Vietnam |  |  |  |  |  |  |  |  |
Novartis Vietnam Company Limited |  | Ho Chi Minh City |  | VND | 70 | bn |  | 100% |
In addition, the Group is represented by subsidiaries and associated companies with total assets or net sales to third parties below USD 25 million in the following countries: Bosnia and Herzegovina, Bulgaria, Cameroon, Dominican Republic, Ghana, Guatemala, Ivory Coast, Kazakhstan, Kenya, Kuwait, North Macedonia, Nigeria, Peru, Senegal and Uruguay.
1 Share capital may not reflect the taxable share capital and does not include any paid-in surplus.
2 Significant subsidiary under SEC Regulation S-X Rule 1-02(w)
3 Fully consolidated Foundation
m = million; bn = billion

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