Overview
Description
Novartis AG Sponsored ADR represents the American Depositary Receipts of Novartis AG, a global healthcare company. The primary role of this ADR is to provide U.S. investors with a convenient way to invest in Novartis AG shares on American exchanges. Novartis is renowned for its innovative and research-driven approach in pharmaceuticals, focusing on a broad range of therapeutic areas, including oncology, immunology, neuroscience, respiratory, and cardiology. Its significant investment in research and development facilitates the creation of pioneering treatments and medical products that impact patient care worldwide.
The ADRs are crucial in enabling liquidity and accessibility for the company's securities in markets outside their Swiss origins, reflecting the company’s global footprint and influence. Novartis’s contributions to both generic and biosimilar market segments additionally underscore its importance in making healthcare more affordable and accessible. By participating in such a wide array of healthcare solutions while reaching international financial markets through ADRs, Novartis AG plays a vital role in sustaining the innovative landscape of global medicine and health management. The existence of its ADRs aids in bridging international investment for U.S. investors seeking exposure to the pharmaceutical industry.
About
Instrument type
Common stock
Sector
Healthcare
Industry
Drug Manufacturers - General
Country
Germany
MIC code
XFRA