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Financial Report: Novartis

Pharmaceuticals sales up 12% in the quarter driven by Entresto and Cosentyx

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By: Kristin Brooks

Managing Editor, Contract Pharma

Novartis 4Q Revenues: $12.4 billion (+8%) 4Q Earnings: $1.1 billion (-5%) FY Revenues: $47.4 billion (+6%)   FY Earnings: $11.7 billion (-7%) Comments: Pharmaceuticals sales grew 12% to $6.2 billion in the quarter, driven by continued momentum of Entresto with sales of $518 million, up 63%, and Cosentyx with $965 million in sales, up 20%, and the launch uptake of Zolgensma with $186 million in sales. Oncology sales grew 7% driven by continued momentum on Kisqali with $155 mi...

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