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Novartis CEO: Broadly Positive About Business Momentum
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April 23, 2024
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2:31Now PlayingNovartis CEO Vas Narasimhan said the company saw a very good performance across both established medicines and recent drug launches. "While there was a small contribution from generics getting pushed out, we're reiterating our confidence in our 5% plus sales growth guidance up to 2028 and our 40% plus margin guidance out to 2027," he told Bloomberg Television on Tuesday. Novartis raised its forecast as sales of blockbuster medicines for heart disease and psoriasis outpaced expectations, giving the stock its biggest boost in nine months.
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