Novartis plans to buy back up to $10 billion worth of its shares by the end of 2027 following a robust second quarter and expectations for a higher core operating profit this year. Vas Narasimhan, the chief executive, highlighted the buyback in a presentation on 17 July alongside news of double-digit sales increases for key products and progress in the company’s clinical pipeline. The buy-back, which will reward investors, comes on the heels of a recently completed $15 billion share repurchase that started in 2023 and ended on 1 July.
