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Novartis AG is a holding company which engages in the development, manufacture and marketing of healthcare products. It operates through the following segments: Innovative Medicines, Sandoz and Corporate. The Innovative Medicines segment researches, develops, manufactures, distributes and sells patented pharmaceuticals and is composed of two business units: Novartis Oncology and Novartis Pharmaceuticals. The Sandoz segment develops, manufactures and markets finished dosage form medicines as well as intermediary products including active pharmaceutical ingredients. The Corporate segment refers to group management and central services. The company was founded on the 29th of February, 1996 and is headquartered in Basel, Switzerland.