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Novartis Allays Concerns Over Cosentyx Sales Miss

 
• By Kevin Grogan

The Swiss major has calmed investor fears over the growth trajectory of Cosentyx, maintaining that its move into first-line therapy in ankylosing spondylitis and psoriatic arthritis, as well as psoriasis, will continue to drive sales.

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No need to panic: Novartis confident about Cosentyx future • Source: Shutterstock

Eyebrows have been raised over the first-quarter performance of Novartis AG's psoriasis blockbuster Cosentyx (secukinumab) but the company has stressed that the drug is making major advances as first-line therapy in dermatology but more strikingly in its rheumatology indications.

Although sales of $580m, up 35% on the like, year-earlier period, looks like a decent return, Cosentyx revenues were 9%...

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