Arab Today, arab today novartis keeps fullyear target as q1 earnings fall
Last Updated : GMT 22:49:43
Arab Today, arab today
Arab Today, arab today

Novartis keeps full-year target as Q1 earnings fall

Arab Today, arab today

Arab Today, arab today Novartis keeps full-year target as Q1 earnings fall

Novartis
Zurich - AFP

Swiss pharmaceutical giant Novartis on Thursday said its first quarter income had fallen but maintained it would still meet its targets for this year.

The Basel-based firm said core net income fell to $3.2 billion, from $3.33 billion a year ago, while sales fell 7 percent to $11.9 billion from continuing operations.

Novartis, which formed a joint venture with Britain's GlaxoSmithKline for consumer health products and sold an animal health division to Eli Lilly, said net profits rose to $13 billion if those transactions were included.

"Our focus on execution has resulted in a strong operational performance. We have completed the GSK and Lilly transactions and innovation continues to be strong," Novartis chief Joseph Jimenez said.

The group said it maintained its single-digit growth target for 2015.

The company is banking on new offerings such as an anti-heart failure treatment LCZ696 and Zarxio, a cancer drug.

"We had three approvals in Oncology, FDA (US Food and Drug Administration) priority review for LCZ696, Zarxio became the first biosimilar approved under the new pathway in the US and we launched Cosentyx globally," Jimenez said.

"We are on track to deliver our full-year guidance," he said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today novartis keeps fullyear target as q1 earnings fall Arab Today, arab today novartis keeps fullyear target as q1 earnings fall

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today novartis keeps fullyear target as q1 earnings fall Arab Today, arab today novartis keeps fullyear target as q1 earnings fall

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday