Activist shareholder Artisan Partners and other major investors have urged Novartis to restructure its board and increase scrutiny of mergers and acquisitions after recent trial and deal setbacks.
Artisan Partners, together with other large investors, has asked Novartis to overhaul its board.
The investors say the company should apply tighter scrutiny to its merger and acquisition activities following costly trial and acquisition failures.
Further verified details were not immediately available.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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