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Swiss drug maker Novartis posts Q4 profit drop
2015-01-27 10:32:29| Biotech - Topix.net
Swiss pharmaceutical giant Novartis AG says fourth quarter net income dropped 26 percent but the company still posted a healthy 2014 annual profit. The Basel, Switzerland-based company said Tuesday that fourth quarter net income came in at $1.49 billion, down from $2 billion in the same quarter the year before excluding its blood-transfusion diagnostics unit, which it sold in 2013.
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Category:Biotechnology and Pharmaceuticals
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