- Artisan Partners managing director David Samra told Reuters that Novartis needs to shake up its board and improve dealmaking after three major clinical trial setbacks.
- Samra said "The party is over" at Novartis and Chairman Giovanni Caforio, who assumed the role last year, needs to take action.
- Novartis shares plunged following the clinical trial setbacks, prompting the activist investor's public push.
Quotes
“The party is over”