New Drug Sales Help Boost Novartis Q1 Profit

By JOHN HEILPRIN, Associated Press, Seattle Post-Intelligencer: Business
Thu, 04/24/2014 - 2:40am

The company said Thursday that its net profit of nearly $2.97 billion, which was up from $2.42 billion in the same period last year, was helped by sales growth from some of its newest product launches, such as Gilenya for multiple sclerosis and Afinitor for cancer. The company also noted that the strong sales were reinforced by asthma treatment Xolair gaining approval in the European Union and United States and meningitis B vaccine Bexsero being recommended in the U.K.

Topics: afinitor xolair european union united states bexsero u.k u.s growth china sales profit gaining helped billion company

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New Drug Sales Help Boost Novartis Q1 Profit

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