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  1. Home
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  3. Healthcare & Pharmaceuticals
  4. Sandoz
Sandoz logo
Healthcare & Pharmaceuticals

Who Owns Sandoz?

Sandoz is an independent publicly traded pharmaceutical company listed on the SIX Swiss Exchange under ticker SDZ, headquartered in Basel, Switzerland. Sandoz was spun off from Novartis and began trading as a standalone company on October 4, 2023. For full-year 2025, Sandoz reported net sales of USD 11.1 billion, up 5% at constant currencies, with biosimilars accounting for 30% of total net sales. The company employs over 20,000 people and reaches approximately one billion patients annually.

Parent Company

Sandoz Group AG

Founded

1886

Status

Publicly Traded

Headquarters

Basel, Switzerland

mid rangemarket leaderGlobalall-agessbti validatedOfficial Website

Who Owns Sandoz?

  • Parent Company: Sandoz Group AG
  • Ownership Type: Wholly owned
  • Company Type: Publicly Traded
  • Stock Ticker: SIX Swiss Exchange: SDZ
BrandParent CompanyOwnership Type
SandozSandoz Group AGWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonSandoz on Amazon

History of Sandoz

  • Founded: 1886
  • Founders: Edmond Sandoz

Sandoz was founded in 1886 by Edmond Sandoz in Basel, Switzerland. The company began as a pharmaceutical manufacturer producing dyes and chemicals before expanding into pharmaceuticals. In 2026, Sandoz celebrates 140 years of heritage, 80 years of antibiotics manufacturing, and 20 years of pioneering biosimilars.

Throughout the early 20th century, Sandoz expanded its product portfolio and became one of Switzerland's leading pharmaceutical manufacturers. The company developed expertise in chemical synthesis and pharmaceutical production that would later become the foundation of its generics business.

In 1996, Sandoz merged with Ciba-Geigy to form Novartis, creating one of the world's largest pharmaceutical companies. Following the merger, Sandoz became Novartis's dedicated generics and biosimilars division. Over the following decades, the Sandoz division grew to become the world's largest generic and biosimilar manufacturer by revenue.

Sandoz pioneered the biosimilar market in 2006, when it introduced Omnitrope (somatropin), the world's first approved biosimilar. Omnitrope overtook its reference medicine in market share in 2021 and has led the global human growth hormone market since, with a 32 percent share as of 2025.

In October 2023, Sandoz completed its spin-off from Novartis, becoming an independent publicly traded company. The spin-off was one of the largest in European pharmaceutical history. Novartis shareholders received one Sandoz share for every five Novartis shares held.

As an independent company, Sandoz has accelerated its growth strategy. In 2025, the company launched several key biosimilars: Wyost and Jubbonti (denosumab), Pyzchiva (ustekinumab) and its autoinjector version, Afqlir (aflibercept), and Tyruko (natalizumab) in the U.S. In December 2025, Sandoz completed the acquisition of Just-Evotec Biologics EU SAS, including a manufacturing site in Toulouse, France, to expand in-house biosimilar development and manufacturing capabilities.

In March 2026, Sandoz announced a strategic partnership with Samsung Bioepis covering up to five biosimilar assets, expanding the Sandoz biosimilar pipeline to up to 32 assets. Q1 2026 net sales reached USD 2.76 billion, up 3 percent at constant currencies, with biosimilars growing 18 percent at constant currencies.

About Sandoz Group AG

What does Sandoz Group own?
Sandoz Group owns the Sandoz brand for generic medicines and biosimilars. The company markets approximately 1,300 generic medicines worldwide and has a pipeline of more than 400. Key biosimilar products include Pyzchiva, Binocrit, Hyrimoz, Omnitrope, Wyost and Jubbonti, Afqlir, and Tyruko. The company also operates manufacturing facilities and distribution centers globally.

Is Sandoz Group publicly traded?
Yes, Sandoz Group AG is publicly traded on the SIX Swiss Exchange under ticker SDZ. The company began trading independently in October 2023 following its spinoff from Novartis.

Who founded Sandoz Group?
Sandoz Group was established in 2003 as the generics division of Novartis. The company became independent through a spinoff from Novartis in October 2023. The Sandoz name traces its heritage back to 1886, when the original Sandoz chemical company was founded in Basel, Switzerland.

Where is Sandoz Group headquartered?
Sandoz Group is headquartered in Basel, Switzerland. The company relocated its corporate headquarters from Risch to Basel in April 2025. The registered office is at Centralbahnstrasse 4, 4051 Basel.

How many brands does Sandoz Group own?
Sandoz Group owns one main brand: Sandoz, for generic medicines and biosimilars. The brand includes approximately 1,300 generic medicines and a growing portfolio of biosimilars.

Who owns Sandoz Group?
Sandoz Group is a publicly traded company with a dispersed shareholder base. Institutional investors hold the majority of shares, with no single controlling shareholder. Novartis does not retain a significant stake following the spinoff. Gilbert Ghostine serves as Chairman of the Board of Directors.

What is Sandoz Group's revenue?
Sandoz Group reported FY2025 net sales of USD 11.1 billion, up 5 percent at constant currencies and 7 percent in USD. Core EBITDA was USD 2.4 billion with a margin of 21.7 percent. The company's 2026 guidance projects mid to high single-digit net sales growth at constant currencies.

Who is the CEO of Sandoz Group?
Richard Saynor serves as Chief Executive Officer of Sandoz Group AG. Remco Steenbergen serves as Chief Financial Officer. Gilbert Ghostine serves as Chairman of the Board of Directors.

  • Founded: 2003
  • Headquarters: Basel, Switzerland
  • Company Type: Publicly Traded
  • Stock: SIX Swiss Exchange: SDZ
  • Revenue: USD 11.1 billion (FY2025)
  • Employees: Approximately 22,356

Visit Sandoz Group AG website

View full company profile for Sandoz Group AG

Where Is Sandoz Made / Based?

  • Headquarters: Basel, Switzerland
  • Manufacturing / Operations: Switzerland, Germany, Spain, Italy, Austria, Slovenia, France, United States, India

Sandoz Categories & Tags

GenericsBiosimilarsPharmaceuticalsAffordable MedicinesGeneric Drugs

Sandoz Sustainability & Ethics

As an independent company since 2023, Sandoz has established its own ESG framework. The company conducted a Double Materiality Assessment (DMA) in 2024 based on the European Sustainability Reporting Standards (ESRS) and has submitted greenhouse gas reduction targets to the Science Based Targets initiative (SBTi) for validation.

Sandoz reached approximately one billion patients in 2025, including an estimated 0.2 billion through active pharmaceutical ingredient (API) sales. The company's generics and biosimilars provide substantial global healthcare savings by offering affordable alternatives to branded medicines. Generics typically cost 80 to 90 percent less than their originator equivalents.

The company maintains sustainable manufacturing practices across its global production network. Sandoz implements environmental management systems and resource efficiency programs to minimize waste, energy consumption, and water usage in pharmaceutical manufacturing. The new Slovenia biosimilar hub and the Toulouse facility acquired from Just-Evotec Biologics are designed with modern environmental standards.

Sandoz conducts bioequivalence studies and clinical trials following international guidelines, ensuring patient safety, informed consent, and scientific integrity. The company works with suppliers who meet strict quality, environmental, and social standards for pharmaceutical ingredients and packaging materials.

As a publicly traded company on the SIX Swiss Exchange, Sandoz maintains corporate governance practices with transparent reporting and stakeholder engagement. The company published its first integrated annual report as an independent entity in 2024.

Awards & Recognition

Sandoz received a Communique Award in 2024 in the Excellence in Corporate Communications category for successfully launching as the Independent Global Leader in Generic and Biosimilar Medicines. The award acknowledged the company's communication strategy during the spin-off from Novartis.

Sandoz is consistently recognized as the global and European market leader in generic and biosimilar medicines by industry analysts and pharmaceutical publications. The company's biosimilar business has been noted by the Center for Biosimilars and other industry organizations for its 17 consecutive quarters of growth.

No other independently verified awards specific to the Sandoz brand have been publicly documented beyond the Communique Award and market leadership recognition.

Sandoz Recalls & Controversies

In July 2025, Sandoz Inc. issued a voluntary nationwide recall of several lots of Cefazolin for Injection, USP, 1 gram per vial, due to product mispackaging. Some vials were incorrectly labeled as Penicillin G Potassium for Injection, USP. The FDA announced the recall on July 14, 2025. Sandoz reported that it had not received any adverse events related to the mispackaging. The recalled products were distributed nationwide to wholesalers and distributors between December 4, 2024 and May 15, 2025. The recall was resolved through product recovery and corrective actions.

No other major controversies, regulatory actions, or lawsuits have been associated with Sandoz as an independent company. The company operates in a highly regulated industry and maintains compliance with FDA, EMA, and other regulatory body requirements across its manufacturing network.

The broader generic pharmaceutical industry faces ongoing pricing pressure and patent litigation. Sandoz navigates these challenges as part of its normal business operations, launching generic and biosimilar products following patent expirations and regulatory approvals.

Sandoz Ownership: Pros & Cons

Advantages

  • +Global leader in generics and biosimilars with approximately 1,300 medicines serving over 100 countries
  • +Strong biosimilars growth: 13 percent at constant currencies in FY 2025, with 17 consecutive quarters of growth
  • +Industry-leading pipeline: 27 biosimilars (expanding to 32) and approximately 400 generics in development
  • +Reaches approximately one billion patients annually, providing substantial healthcare savings
  • +Vertically integrated biosimilar manufacturing through Slovenia and Toulouse facilities
  • +Independent since 2023, with focused strategy and no dependency on a larger parent company

Considerations

  • -Generic drug pricing erosion of 3 percent in FY 2025, a persistent industry trend
  • -Highly competitive market with multiple global biosimilar and generic manufacturers
  • -Regulatory complexity across different markets and jurisdictions
  • -No material contribution expected from generic semaglutide in 2026
  • -Dependency on patent expiration timelines for new launch opportunities
  • -Tariff risks from U.S. trade policy could impact supply chain costs

Frequently Asked Questions About Sandoz

Sources & Further Reading

  • Sandoz Official Website
  • Sandoz FY 2025 Results Announcement (February 2026)
  • Sandoz FY 2025 Financial Report
  • Sandoz FY 2025 Business Report
  • Sandoz Q1 2026 Sales Announcement (April 2026)
  • Sandoz Investor Relations
  • SIX Swiss Exchange: Sandoz Group (SDZ)
  • FDA Cefazolin Recall Announcement
  • Science Based Targets Initiative (SBTi)
  • European Sustainability Reporting Standards (ESRS)
  • Center for Biosimilars Industry Information
  • Pharmaceutical Technology: Sandoz Growth Analysis
  • Communique Awards 2024

Competitors to Sandoz

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Teva PharmaceuticalsTeva Pharmaceuticals
Teva
Israel
1901
LeaderGlobalAll Genders

Learn More About Competitors

Teva PharmaceuticalsHealthcare Pharmaceuticals

Teva Pharmaceuticals

Owned by Teva Pharmaceutical Industries

Israeli multinational pharmaceutical company and the world's largest generic drug manufacturer, publicly traded on NYSE under ticker TEVA, headquartered in Tel Aviv, Israel.

generic-drugspharmaceuticalsspecialty-medicines

Competitive Analysis

Market Positioning: Sandoz competes with 1 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Sandoz

Looking for brands with different ownership structures? These similar brands are not owned by Sandoz Group AG, giving you alternative choices that support different corporate structures.

Pharmacy DirectHealthcare Pharmaceuticals

Pharmacy Direct

Owned by Chempro Chemists

Australian online pharmacy operated by Chempro Chemists from Molendinar, Queensland. Offers prescription medications, health products, and wellness items through digital platforms and mail-order delivery.

online-pharmacymail-orderdigital-health
Privately Owned

Pharmacy Direct is privately owned, unlike Sandoz which is under a publicly traded parent company.

TirosintHealthcare Pharmaceuticals

Tirosint

Owned by IBSA Institut Biochimique S.A.

IBSA Institut Biochimique SA's branded levothyroxine softgel capsule (Tirosint) and liquid solution (Tirosint-SOL), FDA approved for hypothyroidism, formulated without dyes, gluten, lactose, alcohol, or sugar, providing an excipient-free alternative to conventional levothyroxine tablets for patients with sensitivities or absorption issues.

levothyroxinehypothyroidismthyroid
Privately Owned

Tirosint is privately owned, unlike Sandoz which is under a publicly traded parent company.

Novo NordiskHealthcare Pharmaceuticals

Novo Nordisk

Owned by Novo Nordisk

Danish pharmaceutical company specializing in diabetes care and obesity treatment. Founded in 1923, headquartered in Bagsvaerd, Denmark. World leader in diabetes care and a leader in obesity treatment with Ozempic, Wegovy, and the investigational CagriSema. CEO Lars Fruergaard Jorgensen departed in March 2025; interim leadership under board chairman Helge Lund until a permanent CEO is appointed.

pharmaceuticalsdiabetesobesity
Publicly Traded

Novo Nordisk operates independently without a large parent corporation.

Bausch + LombHealthcare Pharmaceuticals

Bausch + Lomb

Owned by Bausch + Lomb Corporation

Global eye health company and contact lens manufacturer founded in 1853, known for ULTRA, Biotrue One Day, and INFUSE lens lines. Public on NYSE and TSX under BLCO.

contact-lensesvision-carebausch-lomb
Publicly Traded

Bausch + Lomb operates independently without a large parent corporation.

RetavaseHealthcare Pharmaceuticals

Retavase

Owned by EKR Therapeutics, Inc.

Retavase (reteplase) is a prescription thrombolytic medication indicated for acute ST-elevation myocardial infarction. Administered as two 10-unit intravenous bolus injections 30 minutes apart. Currently marketed by Chiesi USA.

pharmaceuticalthrombolyticreteplase
Privately Owned

Retavase is privately owned, unlike Sandoz which is under a publicly traded parent company.

AlconHealthcare Pharmaceuticals

Alcon

Owned by Alcon Inc.

Independent publicly traded global eye care company headquartered in Geneva, Switzerland, specializing in surgical equipment, contact lenses, and ophthalmic products. Spun off from Novartis in April 2019.

eye-carecontact-lensesophthalmic
Publicly Traded

Alcon operates independently without a large parent corporation.

Sandoz Group AG Stock Information

Jobs at Sandoz Group AG

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Last reviewed: August 15, 2026 · Reviewed by Who Brands Editorial Team