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NOVARTIS (NOVN)
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Novartis : KHCC, Novartis Pharma AG sign cooperation agreement

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10/04/2017 | 03:51pm CEST

Oct. 04--AMMAN -- HRH Princess Ghida Talal, the chairperson of the King Hussein Cancer Foundation's board of trustees, on Tuesday signed a memorandum of understanding (MoU) with the CEO of Novartis Pharma AG, Bruno Strigini, the Jordanian News Agency, Petra, reported.

The memorandum aims at enhancing cooperation between the two corporations in scientific research."Research is considered a vital and integrated part at [KHCC] to improve the diagnostic and treatment process of cancer patients, which is in-line with the centre's efforts that is aimed towards saving our patients," Princess Ghida said.

The memorandum was signed in the presence of Asem Mansour, director general of KHCC and Hekmat Abdul Razzaq, deputy director general of KHCC.

___

(c)2017 the Jordan Times (Amman, Jordan)

Visit the Jordan Times (Amman, Jordan) at www.jordantimes.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 48 864 M
EBIT 2017 11 614 M
Net income 2017 7 295 M
Debt 2017 17 700 M
Yield 2017 3,32%
P/E ratio 2017 24,53
P/E ratio 2018 21,59
EV / Sales 2017 5,00x
EV / Sales 2018 4,78x
Capitalization 226 B
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Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 87,4 $
Spread / Average Target 1,9%
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Managers
NameTitle
Joseph Jimenez Chief Executive Officer
Hans Jörg Reinhardt Independent Non-Executive Chairman
Harry Kirsch Chief Financial Officer
Vasant Narasimhan Chief Medical Officer & Head-Drug Development
Srikant Madhav Datar Independent Non-Executive Director
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