Novartis' Sandoz to invest $400M to build biosimilar production plant in Slovenia

Novartis (NYSE:NVS) said Sandoz will invest at least $400M to build a new biologics production plant in Lendava, Slovenia to support global demand for biosimilar therapies.
The Swiss pharma giant’s’ generic and biosimilar unit Sandoz — which is heading for a spin off — signed a Memorandum of Understanding (MOU) at ceremony led by Slovenian Prime Minister Robert Golob and Sandoz CEO Richard Saynor.
Novartis said the project is aimed at boosting Sandoz’s ambition for growing its biosimilars portfolio to meet global demand.
According to the company, it will be the one of the largest-ever international private-sector investments in Slovenia.
“The location offers us a strong combination of political stability, proximity to our existing European-based production and commercial operations, and competitive costs,” said Glenn Gerecke, global head of Sandoz Technical Operations.
Work on the site will begin this year, and full operations are provisionally expected for late 2026.
Previously, Sandoz announced an additional €50M investment to expand its European-based antibiotics production network. The company noted that the it brings the total new investment commitment to the network in the past few years to €250M.

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