Novartis Board Member Sold 1.41 Million Shares, Bilanz Says
Novartis AG (NOVN) board member Pierre Landolt sold 1.41 million shares in the Basel, Switzerland-based drugmaker, Bilanz reported today, disputing a report that it was the chairman and citing a person familiar with the transaction.
A report in Blick on Dec. 21 said Novartis Chairman Daniel Vasella sold shares worth 73.2 million francs ($77 million).
Eric Althoff, a spokesman for Novartis, didn’t immediately return a call and e-mail today seeking comment.
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