Novartis (NVS) announced that the FDA has approved breast cancer drug Kisqali (ribociclib) for a broader population.The regulatory body approved Kisqali in combination with an aromatase inhibitor (AI) for the adjuvant treatment of people with hormone receptor-positive/human epidermal growth factor receptor 2-negative (HR+/HER2-) stage II and III early breast cancer (EBC) at high risk of recurrence, including those with node-negative (N0) disease.Kisqali is a selective cyclin-dependent kinase inhibitor, a cl ...

The CEO of Novartis said Wednesday that the Swiss pharmaceutical giant does not plan to enter into the "frenzy" of weight loss drugs, preferring instead to focus on areas where it can build a "unique position."Speaking to CNBC, Vas Narasimhan said that the company was researching treatments that deal with the secondary effects of weight loss, but that it does not plan to compete directly with dominant obesity drugmakers Novo Nordisk and Eli Lilly."I think just to follow on the frenzy now would not be the ri ...

Novartis (NVS) announced positive data on breast cancer drug Kisqali (ribociclib) from the late-stage study, NATALEE.This late-breaking data from this four-year post-hoc analysis was presented at the European Society for Medical Oncology (“ESMO”) Congress 2024.Data showed that Kisqali, when added to endocrine therapy (ET), reduced the risk of disease recurrence by 28.5% in a broad population of patients with early breast cancer (EBC). Shares of NVS rose 1% on the news.Year to date, shares of Novartis have r ...

Ad hoc announcement pursuant to Art. 53 LR Broad indication in HR+/HER2- stage II and III early breast cancer (EBC) at high risk of recurrence approximately doubles population eligible for CDK4/6 inhibitor adjuvant therapy1,2Kisqali® (ribociclib) significantly reduced the risk of recurrence by 25% vs. endocrine therapy (ET) alone; consistent benefit and a well-tolerated safety profile seen across all subgroups in pivotal Phase III NATALEE trial, including patients with node-negative disease3-6Late-breaking ...

Key TakeawaysNovartis said its Kisqali breast cancer drug produced longer success for those with certain forms of the disease.The drug maker reported Kisqali along with endocrine therapy (ET) reduced the risk of recurrence in the test group by nearly 30% compared to ET alone.Novartis expects the FDA to decide on approval of the treatment this quarter. American depositary receipts (ADRs) of Novartis (NVS) gained Monday as new research showed the company's breast cancer treatment, Kisqali, produced longer suc ...

Invasive disease-free survival benefit continued to increase after completion of the three-year treatment period across all patient subgroups, including those with node-negative disease1Results remain consistent across secondary endpoints, including distant disease-free survival, with a trend for improved overall survival*1Safety is in line with previously reported results with generally low-grade symptomatic adverse events, reinforcing well-tolerated profile1People diagnosed with stage II or III HR+/HER2- ...

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Considering buying NVS stock? Here’s what analysts think: Read Next: ...

Swiss pharma giant Novartis (NVS) has agreed to license a novel capsid generated from Voyager Therapeutics, Inc’s (VYGR) capsid platform for use in a gene therapy program.Per Voyager, NVS will use this novel capsid for use in a gene therapy program against an undisclosed rare neurologic disease target.Shares of Novartis have risen 15.4% year to date compared with the industry’s growth of 27%.Image Source: Zacks Investment ResearchNovartis’ Deal With VYGRVYGR granted this capsid license to NVS per the terms ...

Goldman Sachs has downgraded Novartis AG NVS, citing “limited value driving innovation catalysts in the near term.”The analyst writes that continued earnings momentum has led to increases in revenue and profit forecasts for fiscal years 2024 and 2025 since the beginning of the year, thanks to upgraded fiscal year 2024 guidance provided in the first and second quarters of 2024.Also Read: Despite Medicare Negotiations, Americans May Still Have To Pay More For Prescription Drugs.Moreover, from a valuation stan ...

Investors looking for stocks in the Large Cap Pharmaceuticals sector might want to consider either Novartis (NVS) or Eli Lilly (LLY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work ...