Home Stock Market Novartis suspends some enterprise actions in Russia By Reuters

Novartis suspends some enterprise actions in Russia By Reuters

Novartis suspends some enterprise actions in Russia By Reuters

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© Reuters. FILE PHOTO: Swiss drugmaker Novartis’ emblem is seen on the firm’s plant within the northern Swiss city of Stein, Switzerland October 23, 2017. REUTERS/Arnd Wiegmann

GENEVA (Reuters) – Swiss drugmaker Novartis mentioned on Tuesday it was suspending capital investments, media promoting, and different promotional actions in Russia however remained dedicated to offering entry to its medication there.

“Novartis condemns the battle in Ukraine,” it mentioned in an announcement, including that “whereas we stay dedicated to offer entry to our medication in Russia, we responsibly pause the initiation of recent scientific trials and the enrolment of recent examine contributors in present trials.”

The transfer by Novartis follows related steps by different drugmakers following sanctions towards Moscow for its invasion of Ukraine.

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