Kesimpta key to Novartis' further guidance upgrade
Novartis (NOVN: VX) has lifted its 2023 earnings forecast for the third time.
This came after what chief executive Vas Narasimhan called a “very strong quarter” for the Swiss pharma giant.
"We have successfully executed the spin-off of Sandoz, allowing us to fully focus on high-value innovative medicines" Group sales rose by 12% to $11.78 billion, driven by a more than doubling in revenue raised by the multiple sclerosis drug Kesimpta (ofatumumab) due to increased demand, strong access and a one-time revenue deduction adjustment in Europe.
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