Basel-based pharmaceutical giant Novartis said on Tuesday that its third-quarter net profit fell by 42 percent to $1.8 billion, partially due to provisions to settle a US corruption case.
American authorities are seeking up to $3.3 billion in fines from Swiss pharmaceutical giant Novartis on allegations it paid kickbacks to boost drug sales, according to a document AFP consulted on Wednesday.
Biogen, an international biotechnology company, announced on Tuesday plans to invest one billion francs ($1.06 billion) for a new drug manufacturing plant in Luterbach in the canton of Solothurn.
Japanese health authorities said Friday that they have ordered the local unit of Swiss pharmaceutical giant Novartis to temporarily suspend its operations for failing to report drug side effects.
Japanese health authorities said Wednesday that they will soon make a decision on a possible penalty against the local unit of Swiss pharmaceutical giant Novartis for failing to report drug side effects.
Swiss pharmaceuticals giant Novartis said on Tuesday that strong sales of new products helped push its net profit up 12 percent in 2014 from the previous year despite harsh competition from cheaper copycat generic drugs.
Europe's drugs watchdog says it has found no evidence to link the Novartis flu vaccine Fluad to a scare in Italy, where 19 people are reported to have died after being given the jab.
Thirteen people in Italy may have died after taking a flu vaccine made by Swiss pharmaceuticals giant Novartis, according to the latest estimate from Italian authorities.
Basel-based pharmaceuticals giant Novartis on Tuesday said that strong sales of new products had helped push its net profit up 45 percent in the third quarter from the same period a year earlier, despite competition from copycat generic drugs.
The Japanese unit of Swiss pharma giant Novartis has admitted it did not report more than 2,500 cases of serious side effects in patients using its leukaemia and other cancer drugs, reportedly including some fatalities.
An experimental drug from Swiss pharma giant Novartis reduced deaths from chronic heart failure by 20 percent compared with an existing treatment, according to the results of a vast new study.
Swiss pharmaceutical giant Novartis says its net profits for the first half of 2013 shot up by 13 percent from the same period a year earlier as it stuck by its forecast of continued sales growth across the year.
Japanese prosecutors on Tuesday laid charges against the local unit of Swiss pharmaceutical giant Novartis in a widening scandal over claims that falsified data were used to exaggerate the benefits of a popular blood-pressure drug.
Prosecutors on Wednesday arrested a former employee of the Japanese unit of Swiss pharmaceutical giant Novartis for allegedly manipulating research data to exaggerate the benefits of a popular blood-pressure drug.
Swiss pharmaceuticals giant Novartis on Thursday posted a 24-percent jump in first-quarter net profit from the same period a year earlier, driven largely by the sale of a blood transfusion diagnostics unit.
Italy's antitrust body said on Wednesday it has slapped Swiss giants Novartis and Roche with a €182.5-million fine for allegedly manipulating sales of a cheap drug used to treat sight problems.
Japanese prosecutors on Wednesday raided the offices of the local arm of Swiss pharmaceutical giant Novartis over alleged exaggerated advertising for a popular blood-pressure drug, local media said.
Basel-based pharmaceutical giant Novartis is preparing to slash the pay of its chairman and board, following a push in Switzerland to rein in the bonuses of top executives, according to a report published onTuesday.
Basel-based pharmaceuticals giant Novartis on Wednesday announced that its net profit fell one percent in 2013 to $9.2 billion from the previous year, blaming the impact of unfavourable exchange rates.
Novartis is cutting up to 500 jobs at its Basel headquarters and pharmaceuticals division, a move that could include layoffs, the company said on Tuesday.
Japan's health ministry on Thursday filed a criminal complaint against the local arm of Swiss pharmaceutical giant Novartis over alleged exaggerated advertising for a popular blood-pressure drug, the company said.
Japan's health ministry will on Wednesday file a criminal complaint against the local arm of Swiss pharmaceutical giant Novartis over alleged exaggerated advertising for a popular blood-pressure drug, Kyodo News agency reported.
Japan's health ministry intends to file a criminal complaint against the local arm of Swiss pharmaceutical giant Novartis over alleged fabrication of drugs data, a report said on Wednesday.
Swiss pharmaceuticals giant Novartis said on Monday that it would sell its blood transfusion diagnostics unit to the Spanish firm Grifols for $1.68 billion, with analysts saying more divestments could lay in store.
