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)

Copyright (c) 2024 Dow Jones & Company, Inc.

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