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Novartis’ Reprieve On Generic Diovan Continues, Tasigna Makes Inroads

This article was originally published in The Pink Sheet Daily

Executive Summary

The Swiss drug maker’s executives wouldn’t discuss overall progress of its strategic review under new chairman Joerg Reinhardt on its third quarter conference call, but highlighted the growth of several of its key pharmaceutical products and raised its outlook for 2013 in light of Diovan’s strength.

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Novartis Seems Close to Consumer Health Sale – Analyst

Novartis CEO Joe Jimenez made clear the firm is considering divesting its consumer product, animal health and vaccines and diagnostics business, Sanford and Bernstein analysts say. “It seems that Novartis will be making final decisions with these units fairly soon,” they say.

Ranbaxy’s Ongoing Issues With FDA Continue Novartis Windfall With Diovan

Ranbaxy’s newest manufacturing site at Mohali, India, is prohibited by FDA from shipping products to the U.S., further delaying approval of generic valsartan. Novartis has recently revised its sales guidance due to lower than expected generic sales erosion in the U.S. this year.


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