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Innovative Medicines sales up 2% in the quarter, partially offset by generic competition for Gleevec
October 24, 2017
By: Kristin Brooks
Managing Editor, Contract Pharma
Novartis 3Q Revenues: $12.4 billion (+2%) 3Q Earnings: $2.1 billion (+7%) YTD Revenues: $36.2 billion (flat) YTD Earnings: $5.7 billion (-1%) Comments: Innovative Medicines sales were $8.3 billion, up 2% in the quarter. Volume contributed 8 percentage points to sales growth. Generic competition had a negative impact of 6 percentage points largely due to Gleevec/Glivec generics in Europe and the U.S. Growth in the quarter was driven by Cosentyx ($556 million, +83% cc), Entresto ($128 milli...
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