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DewDiligence

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Re: jbog post# 15778

Thursday, 08/11/2016 5:37:51 PM

Thursday, August 11, 2016 5:37:51 PM

Post# of 20689
From NVS’ 2Q16 CC:

http://seekingalpha.com/article/3989582-novartis-ag-nvs-joseph-jimenez-q2-2016-results-earnings-call-transcript?part=single

Jeffrey Holford (Jefferies): …any updates regarding your thinking around timing of…the Roche stake disposal…?

Joseph Jimenez (CEO): Regarding the timing of the Roche stake… we've said over and over again that this is a financial investment for us. We don't necessarily need to see a premium to exit it… So there is really no update.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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