Strong Sales Growth
Fourth quarter 2023 was the strongest consecutive quarter of top line growth, with sales up 10% compared to the previous year. For the full year, sales grew 7% to $9.6 billion, with volume contributing 10 percentage points of growth.
Biosimilars Performance
Biosimilars were up 26% in Q4, with significant contributions from the U.S. launch of Hyrimoz and continued demand for Omnitrope. Full-year biosimilars growth was 15%, raising their share of total sales to 23%.
North American Market Recovery
The North American region returned to growth, increasing by 20% in Q4. This was driven by rebuilding the pipeline, strengthening customer relationships, and strong biosimilar performance.
Strategic Acquisitions
The acquisition of CIMERLI from Coherus was completed ahead of schedule, establishing a commercial platform in the U.S. retina market and expanding the ophthalmology portfolio.
Sustainability Initiatives
Sandoz submitted a commitment letter to the SBTI, planning to set science-based carbon emission reduction targets in line with the Paris Agreement goals.