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Company Directory - Novartis

Company Details - Novartis

Novartis Logo

Novartis

Website

Basel, Switzerland

NYSE: NVS 

ISIN: CHE0012005267

Novartis is a global healthcare company based in Switzerland, dedicated to reimagining medicine to improve and extend people's lives. The company develops innovative pharmaceuticals and has introduced breakthrough therapies such as Pluvicto, a targeted radioligand therapy for treating prostate cancer.

CCI Score

CCI Score: Novartis

-19.75

0.01%

Latest Event

Novartis Lobbying Spending in 2024

Novartis AG spent $6,220,000 on lobbying during 2024, according to OpenSecrets data. This expenditure highlights the company's significant investment in influencing U.S. political processes, raising concerns about corporate influence on democratic governance and policy making.

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ENABLER

Novartis is currently rated as an Enabler.

-10 to -19 CCI Score
Companies in this segment facilitate authoritarian practices while claiming neutrality. They provide resources or support that indirectly bolster oppressive regimes, thereby undermining democratic accountability without overtly endorsing the regime.

Latest Events

  • Novartis Lobbying Spending in 2024 Logo
    DEC
    31
    2024

    Novartis AG spent $6,220,000 on lobbying during 2024, according to OpenSecrets data. This expenditure highlights the company's significant investment in influencing U.S. political processes, raising concerns about corporate influence on democratic governance and policy making.

  • -40

    Political Contributions and Lobbying Efforts

    April 6

    The reported $6.22 million in lobbying expenditures by Novartis in 2024 demonstrates a substantial effort to influence political decision-making. Such spending can create imbalances in democratic processes by prioritizing corporate interests over public welfare, thus posing risks to transparency and accountability in policy making.

    Novartis AG Lobbying Profile • OpenSecrets

  • Novartis Announces Job Cuts in Development Division Logo
    APR
    10
    2024

    Novartis announced a reorganization in its development division with plans to cut 400-440 positions in Switzerland and up to 240 positions in the US, while also creating a limited number of new jobs in Basel. The restructuring aims to optimize resources amidst a broader transformation of the company.

  • -50

    Labor Relations and Human Rights Practices

    April 6

    The planned job cuts, affecting a significant number of positions in both Switzerland and the US, indicate a negative impact on worker security and labor relations. Although Novartis has outlined social measures such as severance payments and career support, the downsizing is detrimental to employee stability, a core concern from a labor rights perspective.

    Pharma: Novartis announces job cuts in the development division

  • Novartis to Cut Development Jobs Amid Global Restructuring Logo
    APR
    09
    2024

    Novartis announced plans to lay off about 680 development employees globally, including 440 in Switzerland and 240 in the U.S., as part of a multi-year restructuring effort aimed at driving efficiency and cost-savings.

  • -40

    Labor Relations and Human Rights Practices

    April 6

    The announcement of significant layoffs in Novartis' development unit undermines job security and worker rights. With approximately 680 positions at risk, this move suggests a prioritization of cost-cutting over the welfare and stability of its workforce, which raises concerns from a labor rights perspective.

    Amid restructuring, Novartis plots layoffs in development group

  • Novartis AG Revolving Door Lobbying Profile Logo
    JAN
    01
    2024

    The OpenSecrets profile indicates that a significant portion of Novartis AG lobbyists are former government officials (56 out of 76 in 2023 and 55 out of 73 in 2024), raising concerns about potential regulatory capture and undue corporate influence, even as the company reported no outside spending in the 2024 election cycle.

  • -40

    Political Contributions and Lobbying Efforts

    April 6

    A large proportion of Novartis AG lobbyists have previously held government positions, a classic example of the revolving door phenomenon. This dynamic raises concerns about how close ties between former government officials and corporate lobbyists can lead to policies that favor corporate interests over public accountability.

    Novartis AG Profile: Summary • OpenSecrets

  • -20

    Regulatory Capture

    April 6

    The significant number of lobbyists transitioning from government roles increases the risk of regulatory capture, undermining robust oversight and accountability. This overlap can facilitate policies that favor corporate interests over the needs of the public.

    Novartis AG Profile: Summary • OpenSecrets

  • Novartis Enhances Labor Rights and Supply Chain Oversight Logo
    JAN
    01
    2024

    Novartis introduced an updated framework integrating External Partner Risk Management (EPRM) and Labor Rights 2.0 to assess and improve labor rights conditions in its supply chain. The policy includes third‐party risk questionnaires, on-site audits, and a digital platform enabling workers to share their concerns directly.

  • +80

    Labor Relations and Human Rights Practices

    April 6

    Novartis’s use of a comprehensive framework to identify and address labor rights risks in its supply chain—including third party risk questionnaires, targeted audits, and a digital 'workers voice' platform—demonstrates a proactive commitment to uphold labor rights and protect vulnerable workers.

    Human rights - Novartis

  • +75

    Supply Chain Ethics

    April 6

    The detailed risk mapping for external partners, the use of targeted questionnaires (TPQ), and the establishment of corrective action plans highlight Novartis's commitment to enhancing supply chain ethics, ensuring that labor rights standards are enforced even among high‐risk suppliers.

    Human rights - Novartis

  • Novartis CEO Advocates Legislative Change Against Drug Price Regulation Logo
    FEB
    07
    2023

    During an earnings call on February 7, 2023, Novartis CEO Vas Narasimhan hinted at pursuing legislative measures to alter provisions of the Inflation Reduction Act affecting drug prices. The CEO, who also is set to chair PhRMA, argued that the current law distorts long-term innovation, particularly impacting small molecule drugs and cancer treatments, suggesting a strategic move to influence regulatory policy.

  • -60

    Executive Political Engagement

    April 6

    Novartis CEO Narasimhan’s public statement outlining potential legislative strategies to reverse parts of the Inflation Reduction Act reflects active executive political engagement aimed at reshaping drug pricing regulations in favor of corporate interests. This could undermine protections for consumers and the public, thereby aligning with corporate efforts to influence policy in ways that potentially stifle progressive reforms.

    Novartis CEO Narasimhan Suggests Possible Legislative Action To Reverse Inflation Reduction Act’s Impact On Drug Prices: What Can And Can’t Be Done

  • Novartis Releases Updated Human Rights Commitment Statement Logo
    JAN
    01
    2022

    Novartis has published its updated Human Rights Commitment Statement, outlining comprehensive policies on labor rights, non-discrimination, environmental sustainability, and ethical technology use. The document reaffirms the company’s commitment to international human rights standards and emphasizes its efforts to ensure safe workplace practices, respect for civic space, and responsible data management.

  • +70

    Labor Relations and Human Rights Practices

    April 6

    The commitment statement demonstrates Novartis’s strong dedication to upholding labor rights and human rights. The document includes policies against child labor, modern slavery, and discrimination, along with assurances of fair wages and appropriate workplace safety measures. These comprehensive measures significantly support marginalized groups and promote progressive labor practices.

    PDF Human Rights Commitment Statement - Novartis

  • +30

    Public and Political Behavior

    April 6

    By publicly releasing a detailed human rights commitment that emphasizes the protection of civic space and a non-intimidatory approach towards human rights defenders, Novartis is taking a clear stance in support of open dialogue and ethical public behavior. This enhances transparency and accountability in its public and political engagements.

    PDF Human Rights Commitment Statement - Novartis

  • Novartis Settlement: Kickbacks and Improper Payments Scandal Logo
    JUL
    01
    2020

    Novartis agreed to pay over $642 million to settle allegations of improper payments and kickbacks related to its copay assistance and speaker programs, resulting in a corporate integrity agreement with HHS-OIG.

  • -60

    Public and Political Behavior

    April 6

    The settlement underscores Novartis's actions that undermined public trust and interfered with the integrity of the Medicare program. Coordinating kickback schemes and manipulating copay assistance programs demonstrates practices that erode public institutional integrity and contribute to broader authoritarian influences by weakening regulatory safeguards.

    Novartis Pays Over $642 Million to Settle Allegations of Improper Payments to Patients and Physicians

  • -80

    Business Practices and Ethical Responsibility

    April 6

    Novartis engaged in unethical business practices by orchestrating schemes to funnel money through copay assistance foundations and speaker programs to drive drug prescriptions. This behavior is indicative of a corporate culture that prioritizes profit over ethical responsibility, ultimately harming patients and the integrity of the healthcare system.

    Novartis Pays Over $642 Million to Settle Allegations of Improper Payments to Patients and Physicians

  • Sen. Smith Challenges Novartis' Lobbying and Business Practices Logo
    AUG
    23
    2018

    On August 23, 2018, U.S. Sen. Tina Smith pressed Novartis over its improper financial and lobbying activities – including a $1.2 million payment to former President Trump’s lawyer Michael Cohen, which followed a 2016 SEC agreement requiring robust anti-corruption measures. The letter demanded evidence of compliance with these measures amid concerns that such actions contribute to unhealthy prescription drug pricing policies.

  • -85

    Political Contributions and Lobbying Efforts

    April 6

    The payment of $1.2 million to Michael Cohen through a shell company—despite a prior SEC settlement mandating anti-corruption measures—demonstrates a willingness to engage in improper political lobbying practices. This pay-for-play tactic undermines democratic policymaking and potentially fuels authoritarian influence by prioritizing corporate interests over public welfare.

    U.S. Sen. Tina Smith Presses Swiss Pharmaceutical Giant Novartis to Ensure Improper Company Actions Aren’t Pushing Up U.S. Prescription Drug Prices

  • -75

    Business Practices and Ethical Responsibility

    April 6

    Novartis's admission of error in directing funds to Michael Cohen—despite having agreed to enforce strict anti-corruption protocols under a 2016 SEC settlement—reflects a significant breach of ethical business practices. This disregard for established anti-corruption standards undermines corporate accountability and public trust.

    U.S. Sen. Tina Smith Presses Swiss Pharmaceutical Giant Novartis to Ensure Improper Company Actions Aren’t Pushing Up U.S. Prescription Drug Prices

Corporate Financials

Revenue
2025
$50.60B
Total Assets
2025
$85.90B
Operating Income
2025
$16.20B
Total Equity
2025
$52.40B

Employees: 105,000

Industries

325411
Medicinal and Botanical Manufacturing
325412
Pharmaceutical Preparation Manufacturing
621511
Medical Laboratories
541711
Research and Development in Biotechnology