Novartis's Fabhalta Trial Success Supports Sales Target -- Market Talk

Dow Jones

2024/12/06

0906 GMT - Novartis's positive late-stage results of its blood-disorder treatment Fabhalta bolsters confidence in reaching the drug's projected $3 billion in sales, Bryan Garnier Research analysts say in a note. The Swiss pharma company's trial showed improved hemoglobin levels in patients with paroxysmal nocturnal hemoglobinuria who switched from other therapy options. PNH is a rare and chronic blood disorder. The results should cause a muted share-price reaction as consensus estimates of Fabhalta annual sales are in line with the company's peak sales target, the analysts say. Shares fall 0.2% to 90.23 Swiss francs. (helena.smolak@wsj.com)

(END) Dow Jones Newswires

December 06, 2024 04:07 ET (09:07 GMT)

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(helena.smolak@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 06, 2024 04:07 ET (09:07 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NVS","symbol_name":"诺华","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489054794","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489054794","pubTimestamp":1733476020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0906 GMT - Novartis's positive late-stage results of its blood-disorder treatment Fabhalta bolsters confidence in reaching the drug's projected $3 billion in sales, Bryan Garnier Research analysts say in a note. 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