The company's purpose is to conduct research, development and production in the field of pharmaceutical products for the Novartis Group and third parties, as well as internal and external personnel leasing. The company may establish branches and subsidiaries in Switzerland and/or abroad, participate in other companies in Switzerland and/or abroad, acquire, hold, encumber and sell real estate and intellectual property rights in Switzerland and/or abroad, and conduct all commercial, financial or other business activities that are directly or indirectly related to the company's purpose. Furthermore, the company may grant loans or other financing to its direct or indirect shareholders and their direct or indirect subsidiaries, as well as to third parties, for consideration or free of charge, and provide security of any kind for the liabilities of such persons or group companies, including guarantees, pledges and fiduciary transfers of the company's assets. In addition, it may engage in liquidity balancing/net liquidity centralization (cash pooling) with group companies, including periodic balance adjustments, without consideration, on preferential terms, interest-free, without the intention of generating profits for the company, and assuming cluster risks.
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