SMI gains 0.11% to 8420.58. Nestle (NESN.VX) falls 0.29% as the world's biggest food company says it will sell underperforming businesses at its annual meeting. Novartis (NOVN.VX) rises 0.95% and Roche (ROG.VX) dips 0.04% after both companies confirm French authorities had ramped up an investigation into their pricing policies. Actelion (ATLN.VX), Europe's biggest biotech, jumps 1.06%. UBS (UBSN.VX) falls 0.33%, while fellow bank Credit Suisse (CSGN.VX) is flat and Julius Baer (BAER.VX) adds 0.17%.

Write to the Zurich bureau at zurichdjnews@dowjones.com

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THC Farmaceuticals (PK) (USOTC:CBDG)
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