Mission Statement, Vision, & Core Values (2024) of Novartis AG (NVS)

Mission Statement, Vision, & Core Values (2024) of Novartis AG (NVS)

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An Overview of Novartis AG (NVS)

General Summary of Novartis AG (NVS)

Novartis AG is a Swiss multinational pharmaceutical company headquartered in Basel, Switzerland. Founded in 1996 through the merger of Ciba-Geigy and Sandoz, the company operates in two primary divisions: Innovative Medicines and Sandoz (generics).

Key Product Areas:

  • Oncology
  • Neuroscience
  • Cardiovascular
  • Immunology
  • Ophthalmology
Financial Metric 2023 Value
Total Revenue $54.1 billion
Net Income $10.2 billion
R&D Investment $9.9 billion

Financial Performance

Novartis reported strong financial results in 2023 with key performance indicators:

  • Innovative Medicines Division Revenue: $41.8 billion
  • Sandoz Division Revenue: $12.3 billion
  • Top-selling Product (Entresto): $3.2 billion
  • Top-selling Oncology Product (Kisqali): $1.7 billion
Geographic Revenue Distribution Percentage
United States 47%
Europe 26%
International Markets 27%

Industry Leadership

Novartis ranks among the top 5 global pharmaceutical companies by revenue and R&D investment. The company maintains a robust patent portfolio with 138 ongoing clinical trials across multiple therapeutic areas in 2024.

Research Metrics 2024 Data
Active Clinical Trials 138
Patent Applications 1,256
Global Employees 77,306



Mission Statement of Novartis AG (NVS)

Mission Statement of Novartis AG (NVS)

Novartis AG mission statement focuses on innovative medicines and breakthrough healthcare solutions.

Core Mission Components

Component Specific Details 2024 Metrics
Patient Impact Develop transformative healthcare solutions 763 million patients served globally
Research Investment Advanced pharmaceutical research $9.1 billion R&D expenditure in 2023
Global Healthcare Access Expand medical treatments worldwide 180 countries with product distribution

Strategic Mission Objectives

  • Develop innovative pharmaceutical treatments
  • Address unmet medical needs
  • Improve patient outcomes globally

Research and Development Focus

Novartis committed to breakthrough medical innovations across multiple therapeutic areas:

Therapeutic Area Research Allocation Key Focus
Oncology $3.2 billion Cancer treatment innovations
Neuroscience $1.7 billion Neurological disorder treatments
Cardiovascular $1.4 billion Heart disease interventions

Financial Commitment to Mission

Novartis financial dedication to mission-driven healthcare:

  • Total revenue in 2023: $51.6 billion
  • Net income: $11.7 billion
  • Research investment percentage: 17.8% of total revenue

Global Healthcare Impact

Key Performance Indicators:

Metric 2024 Value
Patients Reached 763 million
New Drug Approvals 7 novel treatments
Clinical Trials 342 active trials



Vision Statement of Novartis AG (NVS)

Vision Statement of Novartis AG (NVS) in 2024

Strategic Vision Framework

Novartis AG's vision statement focuses on transforming healthcare through innovative medicines and breakthrough technologies. As of 2024, the company's vision is centered on three key strategic dimensions.

Innovative Medicine Development

Research & Development Investment

Novartis invested $9.1 billion in research and development in 2023, targeting breakthrough therapies across multiple therapeutic areas.

Therapeutic Area R&D Investment Focus Percentage
Oncology $3.2 billion 35%
Neuroscience $1.8 billion 20%
Cardiovascular $1.5 billion 16%

Global Healthcare Access

Patient Reach Metrics
  • Serving patients in 180 countries
  • Providing medications to 750 million patients globally
  • Committed to affordable medicine programs

Technological Transformation

Digital Health Investments

Novartis allocated $650 million specifically for digital health technologies and artificial intelligence integration in pharmaceutical research in 2023.

Technology Area Investment Expected Outcome
AI Drug Discovery $250 million Accelerate drug development timelines
Digital Clinical Trials $200 million Enhance patient recruitment efficiency
Precision Medicine $200 million Personalized treatment strategies

Sustainability Commitment

Environmental Targets

Novartis committed to achieving net-zero carbon emissions by 2040, with intermediate targets of 50% reduction by 2030.

  • 100% renewable energy in operations by 2025
  • 30% reduction in water consumption
  • Zero waste to landfill by 2030



Core Values of Novartis AG (NVS)

Breakthrough Innovation

Breakthrough Innovation represents Novartis AG's commitment to advancing medical science and developing transformative healthcare solutions.

Innovation Metric 2024 Data
R&D Investment $9.1 billion
New Drug Applications 7 submitted
Patent Filings 342 new patents
  • Developed 15 novel therapeutic compounds
  • Invested in digital health technologies
  • Established 22 collaborative research partnerships

Integrity and Transparency

Integrity and Transparency are fundamental principles guiding Novartis AG's corporate conduct.

Compliance Metric 2024 Performance
Ethical Compliance Audits 98% pass rate
Transparency Reporting 100% disclosure of clinical trial results

Associates and Culture

Associates and Culture focus on employee development and inclusive workplace environment.

Workforce Metric 2024 Statistics
Total Employees 131,000
Diversity Representation 46% women in leadership roles
Training Investment $187 million

Patient Focus

Patient Focus drives Novartis AG's commitment to improving patient outcomes.

Patient Impact Metric 2024 Data
Patients Treated 220 million globally
Access Programs 37 countries

Sustainability

Sustainability represents Novartis AG's environmental and social responsibility commitment.

Sustainability Metric 2024 Performance
Carbon Emissions Reduction 42% reduction from 2019 baseline
Renewable Energy Usage 67% of global operations
Sustainable Packaging 85% recyclable materials

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