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Do Sandoz’ Q2 Results Indicate US Bottom Is In Sight?

Novartis Unit Raises Annual Guidance As Q2 ‘Outweighs Expectations’

 
• By Dean Rudge

Sandoz has been able to hike its previously flat full-year annual guidance following an upward trajectory for the company, especially in Europe and the US. One analyst pondered whether this suggested the “emergence of a bottom in the US generics sector” during the second half of the year.

Dollars (incamerastock/Alamy Stock Photo)
Is the bottom "increasingly likely?" • Source: Shutterstock (incamerastock / Alamy Stock Phot/Alamy Stock Photo)

Sandoz has reversed its decision to not revise upwards its full-year earnings guidance for 2022 following a “really solid” second quarter – with one analyst suggesting that the company’s results “offer further confirmatory evidence of an approaching bottom” for the US generics sector.

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