Generic medicines hit Novartis profits
Swiss drugmaker Novartis' January-June net core income dropped 5 percent to $3.6 billion
Zurich - AFP
Swiss drugmaker Novartis on Tuesday posted a drop in first half profits amid fierce competition for generic medicines and pricing pressures but said it was set to reach annual targets.
January-June net core income dropped 5 percent to $3.6 billion (3.1 billion euros), as overall first half sales dipped one percent to $23.7 billion, despite a six percent rise in volume, the group said.
Those volumes were buoyed by two medicines deemed to have strong potential -- heart drug Entresto and Cosentyx, a treatment for psoriasis.
Stiff competition for generic medicine -- not least copy cat drugs for its blockbuster cancer drug Gleevec -- has eaten away some 3 percent of current profit margins, while price pressures have accounted for another 2 percent.
For the outlook for the year as a whole Novartis reconfirmed its objectives in saying it expected global sales this year to hit similar levels to 2016.
In January, the group announced total sales of $48.5 billion for 2016.
source: AFP
GMT 09:39 2016 Monday ,21 November
Novartis acquires US pharma research firm SelexysGMT 23:11 2016 Thursday ,07 April
HIV can resist promising 'molecular knife' therapy
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 17:35 2017 Wednesday ,27 December
Egyptian MP underlines Egypt’s abilityGMT 15:43 2011 Sunday ,15 May
US bid to save Louisiana cities
GMT 13:24 2017 Friday ,20 October
EU's Tusk hopes to enter 2nd phase of Brexit talks in December
GMT 12:06 2012 Friday ,04 May
Is there a solution for Sudan?
GMT 07:43 2014 Tuesday ,12 August
Where is Assad on Gaza
GMT 22:19 2017 Thursday ,08 June
Israeli PM says no Israeli will be uprooted from his home
GMT 07:44 2017 Tuesday ,07 February
Holding local elections requires dialogue
GMT 09:35 2017 Wednesday ,01 November
Russia, Turkey and Iran agree to plan for Syria 'congress'
GMT 19:42 2017 Tuesday ,31 October
GCC Secretary-General denounces Qatari media attacks against council
GMT 10:23 2016 Saturday ,16 January
Jazz parades and glittery parties
GMT 14:45 2017 Thursday ,07 September
NATO on guard ahead of major Russian war gamesGMT 12:39 2011 Tuesday ,26 July
Michael Jackson family members plan tribute concertGMT 23:59 2011 Wednesday ,09 March
Exxon Scores Key Victory In AlaskaGMT 12:13 2011 Friday ,16 December
Beckham Style Icon for Over 50GMT 13:53 2011 Tuesday ,28 June
De Gea confirms Manchester United offerGMT 23:07 2012 Tuesday ,31 January
The Kardashian Sisters ToplessGMT 08:21 2011 Wednesday ,28 December
Modern rocking chairGMT 00:52 2011 Friday ,25 November
Graffiti as art in order-conscious Singapore
GMT 04:01 2015 Tuesday ,17 February
Qatar national library to host event for children
GMT 10:18 2012 Sunday ,08 January
Mental illness 'rampant' in Somalia
GMT 07:17 2015 Monday ,02 March
Tintin set to go at Paris auctions
GMT 14:27 2017 Monday ,06 February
NATO starts anti-Daesh bomb training in Iraq
GMT 09:06 2016 Wednesday ,26 October
Canada parliament votes to take in Yazidi refugees
GMT 20:28 2017 Monday ,19 June
Deadly wildfires around the world
GMT 20:24 2017 Friday ,27 October
OPEC official: Saudi Arabia, Russia statements “clear fog” before November 30 meeting
GMT 04:31 2017 Thursday ,16 February
Tunisian designers look to past for inspiration
GMT 19:34 2017 Sunday ,15 October
Macron says will go to Iran 'at the appropriate time'
GMT 05:27 2017 Wednesday ,29 March
Snap surges after IPO banks give flurry of ‘buy’ ratings
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
