Sandoz and Alcon

Definition

Sandoz is a global leader in generic pharmaceuticals and biosimilars, aiming to make accessible medicines more affordable and available. It operates as a division of the multinational corporation Novartis.

Related terms

Generic Pharmaceuticals: Medications created to be the same as existing approved brand-name drugs in dosage form, safety, strength, route of administration, quality, and performance characteristics.

Biosimilars: Highly similar and carefully regulated versions of approved biologic medicines, offering therapeutic alternatives to existing biologic treatments.

Novartis:

A global healthcare company based in Switzerland that owns Sandoz and focuses on innovative patented medicines, generic pharmaceuticals, and eye care products.