{
 "as_of": "2026-11-06",
 "cmr": "ch-cm-kg/SIX/SDZ",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# SANDOZ GROUP N (SIX: SDZ) — research page\n\nAs of 2026-11-06 · ch-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is SANDOZ GROUP N, listed on SIX under ticker SDZ, with ISIN CH1243598427 and LEI 5493000JWK6XWFEUD320. Its security type is Corporate and its jurisdiction is Switzerland as a Zefix-registered corporation. The segment is not on the record, and the sector is not on the record because the SIX feed returns an empty ICB industry for this line. The issuer is listed and not halted as of 2026-11-06.\n\n## The disclosure read\n\nThe record holds 9 filings in the twelve months to 2026-11-06, across 8 filing days. By type, the record holds 4 ad hoc filings, 3 corporate news filings, 1 newswire release and 1 register mutation. The median gap between filing days is 26 days. The latest filing is an ad hoc filing dated 2026-10-28, which is 9 days before the record date. The exchange median cadence gap is 29.5 days across 607 issuers, and the exchange median latency is 14 days. The exchange median filings figure is 0. Sector peer figures are not on the record for this market.\n\n## Auditor\n\nThe auditor is not on the record. The record carries the annual report link only, as a source link and not a read. The location is not on the record, and auditor changes are not on the record because this register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, because this register has no lifecycle type map yet. The halt flag shows the issuer listed and not halted.\n\n## Orderability\n\nThe outcome is determinable for all three client categories under the rule version acm-68000/ch/finsa-product-duties/r1, with the chapter as of 2026-11-04. Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden each carry signal ACM-200.\n\n## Coverage\n\nThe field has not been read, so the number of research houses named on the issuer's investor-relations page is not on the record.\n\n## Open research\n\nThe field has not been read, so the number of openly published research notes is not on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No sealed years hold the issuer, no earliest sealed date is on the record, and the live record began date is not on the record.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (identity.exchange)\n- https://www.zefix.ch/en/search/entity/list?name=SANDOZ%20GROUP (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.ch-cm-kg.ai/events/SIX/SDZ (the disclosure lines)\n- https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions (the halt flag)\n- https://mcp.ch-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.ch-cm-kg.ai/record/SIX/SDZ (the record)\n",
 "market": "CH",
 "node": "ch-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the CH vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "CH",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "CH",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CH",
    "state": "not_on_record"
   },
   "changes": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "ch-cm-kg/SIX/SDZ",
  "coverage": {
   "note": "the coverage field has not been read for this issuer",
   "state": "not_read"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 607,
     "median_cadence_gap_days": 29.5,
     "median_filings": 0,
     "median_latency_days": 14,
     "name": "SIX"
    },
    "sector": {
     "market": "CH",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 4,
    "corporate_news": 3,
    "newswire_release": 1,
    "register_mutation": 1
   },
   "cadence_median_gap_days": 26,
   "filing_days": 8,
   "filings": 9,
   "latency_days": 9,
   "latest": [
    {
     "category": "ad-hoc",
     "date": "2026-10-28",
     "source": "https://www.eqs-news.com/de/news/ad-hoc/sandoz-reports-strong-biosimilar-sales-momentum-narrowed-full-year-net-sales-range-and-upgrade-to-margin-guidance/35fd8902-04bc-41d9-bf50-3e985c228aca_en",
     "title": "Sandoz reports strong biosimilar-sales momentum; ...",
     "type": "ad_hoc"
    },
    {
     "category": "corporate",
     "date": "2026-09-28",
     "source": "https://www.eqs-news.com/news/corporate/sandoz-opens-advanced-high-volume-drug-substance-manufacturing-centre-in-lendava-significantly-strengthening-in-house-capacity-and-flexibility-across-leading-european-biosimilar-network/83e1a16b-468d-47e0-aa04-3d07daa9c4f0_en",
     "title": "Sandoz opens advanced high-volume drug substance ...",
     "type": "corporate_news"
    },
    {
     "category": "ad-hoc",
     "date": "2026-09-08",
     "source": "https://www.eqs-news.com/news/ad-hoc/sandoz-invests-in-new-drug-substance-facility-in-ljubljana-slovenia-to-expand-biosimilar-manufacturing-capacity/4504cda3-96d7-4d77-be1b-c3ca3ad0e637_en",
     "title": "Sandoz invests in new drug substance facility in Ljubljana, Slovenia, to expand biosimilar manufacturing capacity | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "ad-hoc",
     "date": "2026-09-08",
     "source": "https://www.eqs-news.com/news/ad-hoc/sandoz-hosts-capital-markets-day-and-unveils-bio100-ambition-maximising-sandoz-value-in-its-golden-decade-for-biosimilars/4ae64d18-0bb3-4810-9580-f79b3dcfb3f5",
     "title": "Sandoz hosts Capital Markets Day and unveils Bio100 ambition – maximising Sandoz value in its golden decade for biosimilars | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": null,
     "date": "2026-08-17",
     "source": "https://www.prnewswire.com/news-releases/henlius-and-sandoz-enter-strategic-collaboration-to-unlock-global-value-of-biosimilars-platform-302852556.html",
     "title": "Henlius and Sandoz Enter Strategic Collaboration to Unlock Global Value of Biosimilars Platform",
     "type": "newswire_release"
    }
   ],
   "latest_filing_date": "2026-10-28",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/SDZ",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "SIX"
   },
   "isin": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "confirmed",
    "value": "CH1243598427"
   },
   "jurisdiction": {
    "read_by": "Zefix federal commercial register index (zefix.ch public web API, name-exact + corporation legal form) (legal form)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.zefix.ch/en/search/entity/list?name=SANDOZ%20GROUP",
    "state": "sourced",
    "value": "Switzerland (Zefix-registered corporation)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN CH1243598427)",
    "state": "sourced",
    "value": "5493000JWK6XWFEUD320"
   },
   "name": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "SANDOZ GROUP N"
   },
   "sector": {
    "market": "CH",
    "reason": "the SIX feed returns an empty ICB industry for this line",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CH",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "SDZ"
   },
   "website": {
    "market": "CH",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "CH",
  "node": "ch-cm-kg",
  "numbers_hash": "sha256:e7f48fc56aff62830ce75142f07bdd500fd2e7fb839999c560731df98c5b6bec",
  "open_research": {
   "rows": [],
   "state": "not_read"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Privatkundinnen und -kunden",
    "professionelle Kunden",
    "institutionelle Kunden"
   ],
   "outcomes": {
    "Privatkundinnen und -kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "institutionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ch-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ch-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ch/finsa-product-duties/r1",
   "section": "ch.aio.v8"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ch-cm-kg.ai/record/SIX/SDZ",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:e7f48fc56aff62830ce75142f07bdd500fd2e7fb839999c560731df98c5b6bec",
 "path": "/ch/SIX/SDZ",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is SANDOZ GROUP N, listed on SIX under ticker SDZ, with ISIN CH1243598427 and LEI 5493000JWK6XWFEUD320. Its security type is Corporate and its jurisdiction is Switzerland as a Zefix-registered corporation. The segment is not on the record, and the sector is not on the record because the SIX feed returns an empty ICB industry for this line. The issuer is listed and not halted as of 2026-11-06.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 9 filings in the twelve months to 2026-11-06, across 8 filing days. By type, the record holds 4 ad hoc filings, 3 corporate news filings, 1 newswire release and 1 register mutation. The median gap between filing days is 26 days. The latest filing is an ad hoc filing dated 2026-10-28, which is 9 days before the record date. The exchange median cadence gap is 29.5 days across 607 issuers, and the exchange median latency is 14 days. The exchange median filings figure is 0. Sector peer figures are not on the record for this market.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries the annual report link only, as a source link and not a read. The location is not on the record, and auditor changes are not on the record because this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, because this register has no lifecycle type map yet. The halt flag shows the issuer listed and not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is determinable for all three client categories under the rule version acm-68000/ch/finsa-product-duties/r1, with the chapter as of 2026-11-04. Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden each carry signal ACM-200.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The field has not been read, so the number of research houses named on the issuer's investor-relations page is not on the record.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The field has not been read, so the number of openly published research notes is not on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No sealed years hold the issuer, no earliest sealed date is on the record, and the live record began date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://www.zefix.ch/en/search/entity/list?name=SANDOZ%20GROUP"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/SDZ"
  },
  {
   "for": "the halt flag",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ch-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.ch-cm-kg.ai/record/SIX/SDZ"
  }
 ],
 "title": "SANDOZ GROUP N (SDZ) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}