Novartis profit surge: Swiss pharmaceutical giant Novartis reports soaring profits driven by strong drug sales and market performa...
Swiss pharmaceutical giant Novartis on Thursday reported soaring profits and raised its expectations for 2024 operating income, driven by strong sales for a range of its popular drugs.
Sales rose by nine percent to $12.5 billion, narrowly beating the forecasts of analysts by Swiss financial news service AWP. The results were driven in part by sales of drugs including heart failure treatment Entresto, which rose by nearly 30 percent to $1.9 billion.Breast cancer treatment Kisqali meanwhile saw sales jump more than 50 percent to over $715 million.
Novartis Drug Sales Pharmaceutical Industry News Novartis Financial Results Swiss Pharma Profits Novartis Market Performance
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