Newsclip®: [Business] Novartis splits drugs business into two, pharma chief to leave

"ZURICH: Novartis is splitting its pharmaceuticals division into two business units, one focused on cancer medicines and the second on the Swiss company's other drugs, it said on Tuesday, its latest management shake-up within months. David Epstein, division head and chief executive of Novartis Pharmaceuticals, will leave the company to `explore new challenges`, Novartis said in a statement. Novartis' reorganisation of its main drugs unit, which accounts for about two-thirds of its $49 bil",

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