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Novartis Big Earners Beat Q1 Forecasts

But Disappointing Quarter For Beovu

 
• By Kevin Grogan

Cosentyx defied the odds again by growing strongly despite US formulary changes, COVID-19 and fierce competition, while the jump in Entresto sales helped soften the drug's failure in a closely watched myocardial infarction study.

Novartis_Building
• Source: Shutterstock

In spite of COVID-19 and contrary to the predictions of analysts, Novartis AG has presented a decent set of financials for the first quarter of 2021, tempered somewhat by a setback in the clinic for the cardiovascular blockbuster Entresto and data pushbacks caused by the pandemic.

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