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Novartis profit down 32% as stronger dollar hits

2015-07-21 10:17:58| Biotech - Topix.net

Novartis AG said on Tuesday its second-quarter profit fell 32% from the same period last year, as the Swiss drug giant was hit by a strengthened dollar and a weak result from its eye-care treatment business. Basel-based Novartis said net income fell to $1.86 billion, or $0.77 per share in the quarter ended in June, compared with $2.72 billion a year earlier.

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Category:Biotechnology and Pharmaceuticals

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