Novartis 1st-qtr 2015 comes out strongly after asset swaps
Swiss pharma giant Novartis (NOVN: VX) this morning reported first-quarter 2015 financials, with core operating income from the businesses Novartis retains after a three part asset swap with GlaxoSmithKline and Eli Lilly, increasing 9% (-4% as reported) at constant exchange rates to $3.65 billion, exceeded the $3.17 billion average of eight estimates compiled by Bloomberg.
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