Novartis’ Reprieve On Generic Diovan Continues, Tasigna Makes Inroads

The Swiss drug maker’s executives wouldn’t discuss overall progress of its strategic review under new chairman Joerg Reinhardt on its third quarter conference call, but highlighted the growth of several of its key pharmaceutical products and raised its outlook for 2013 in light of Diovan’s strength.

Despite talk that Novartis AG is intending to divest some of its non-core businesses, particularly its over-the-counter division and its animal health products, its quarterly call focused on its reprieve from generic competition to one of its largest products.

Following the arrival at Novartis of Chairman Joerg Reinhardt in August, analysts have been speculating on potential changes to the...

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