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July 17, 2008
By: Tim Wright
Editor-in-Chief, Contract Pharma
Novartis 2Q Revenues: $10.7 billion (+14%) 2Q Earnings: $2.3 billion (+17%) YTD Revenues: $20.6 billion (+11%) YTD Earnings: $4.6 billion (+13%) Comments: Pharmaceutical sales were $6.9 billion (+14%) in the quarter and $13.2 billion (+10%) in 1H08, driven by Diovan sales along with contributions from recently launched products, which offset an 11% decline in the U.S. due to generic versions of Lotrel, Lamisil, Trileptal and Famvir, along with the Zelnorm withdrawal. Oncology sale...
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