CEO Speaks: Q&A Daniel Vasella

The chief of drugmaker Novartis, a physician, has high hopes for cancer vaccines

Novartis has been flying pretty high lately, despite delays and bad news about a major diabetes drug it hopes to launch next spring. The Swiss drug giant's 2005 income of $6.1 billion on sales of $32.2 billion set a record that CEO Daniel Vasella expects will be broken this year. He spoke with TIME's UNMESH KHER and BILL SAPORITO about vaccines, Democrats and why the firm is wading into China.

You expect another year of record earnings?

I think it will be a good year. We currently have five filings that are waiting [for approval], and that will create some pressure, accentuate...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!