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Home › Swiss drug maker Novartis says Q3 net income drops following sale of shares to Merck last year

 

Swiss drug maker Novartis says Q3 net income drops following sale of shares to Merck last year

2015-10-27 12:55:47| Biotech - Topix.net

Swiss pharmaceutical giant Novartis says net income fell 42 per cent in the third quarter, largely due to the sale of its hepatitis drug unit a year earlier and provisions for legal settlements and fees. The company says the integration of businesses from a multibillion-dollar product exchange with rival GlaxoSmithKline earlier this year is on track.

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Category:Biotechnology and Pharmaceuticals

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