US Court Issues Negative Decision On Novartis' Heart-Failure Drug Patent
Portfolio Pulse from Vandana Singh
Novartis AG (NYSE:NVS) has received an unfavorable decision from the U.S. District Court for the District of Delaware regarding the validity of a patent covering its heart failure treatment Entresto. Despite this, Novartis maintains its outlook for 2023 and its mid-term outlook of 4% sales growth between 2022-2027. The company plans to appeal the decision. Novartis' shares are up 2.07% at $96.68.
July 10, 2023 | 1:58 pm
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Novartis received an unfavorable court decision on its Entresto patent, but plans to appeal. The company maintains its 2023 outlook and its shares are up 2.07%.
The court's decision could potentially lead to earlier-than-expected arrival of generics, which could impact Novartis' revenues. However, the company's decision to appeal and its maintained outlook for 2023 indicate that it does not expect a significant negative impact in the short term. The increase in the company's share price suggests that investors are not overly concerned about the court decision at this time.
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