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![PersimmonTI Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::4496252499.png) Persimmon Tree Investments [@PersimmonTI](/creator/twitter/PersimmonTI) on x 9552 followers
Created: 2025-07-18 11:05:57 UTC

$NVS $xbi

Novartis on capital allocation and M&A yesterday—

- not prioritizing dividend/buybacks over M&A
- no recent M&A is not for lack of trying
- $XX billion in firepower, $NVS always looking for bolt-on acquisitions, and maybe larger bolt-ons (?) that would bolster its focus TAs

![](https://pbs.twimg.com/media/GwIqRVGXMAA7KE_.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946164533711745163/c:line.svg)

**Related Topics**
[$xbi](/topic/$xbi)
[$nvs](/topic/$nvs)
[$psnl](/topic/$psnl)
[novartis](/topic/novartis)
[$novnsw](/topic/$novnsw)
[stocks healthcare](/topic/stocks-healthcare)

[Post Link](https://x.com/PersimmonTI/status/1946164533711745163)