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Slowing Biopharmaceuticals Puts A Dent In Sandoz’ Sales

 
• By Aidan Fry

Slower sales growth by its Biopharmaceuticals unit amid competitive pressures in the US, combined with weakness in its Retail Generics and Anti-Infectives franchises, led Sandoz to report an overall 8% sales slide in the first quarter of this year. 

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Weakness in the US has slowed the rate of growth of Sandoz' Biopharmaceuticals business unit • Source: Shutterstock

A relatively weak performance from its Biopharmaceuticals unit led Sandoz to report first-quarter turnover down by 8% to $2.33bn, although the drop in constant currencies was a less severe 2%. Nine percentage points of price erosion, mainly in the US, outweighed seven points of volume gains.

The Novartis division – which will see Richard Saynor take over from interim head Francesco Balestrieri in the third quarter of this year {GB140269} – achieved global Biopharmaceuticals sales from biosimilars, its Glatopa (glatiramer acetate) generic of Teva’s Copaxone and

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