Novartis's Sandoz unit is the first of the big generics players to report second quarter financials, and its outlook for the US market remains pessimistic.
Sandoz International GMBH set a pessimistic tone for the US generics market when its parent, Novartis AG, reported second quarter financial results on 18 July. The company said it does not expect a stabilization in US generic price erosion, contrary to what some other generic drug makers have indicated recently.
Sandoz is the first of the big generic drug players to report second quarter results, and with the business segment...
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