Novartis Says It Expects To Grow Mid-single Digit Longer-term Based On The Foundational Strength Of De-risked Existing Brands And Pipeline Assets
Portfolio Pulse from Benzinga Newsdesk
Novartis has announced its expectation to achieve mid-single digit growth over the long term, attributing this to the strength of its existing brands and pipeline assets. The company has made progress in its pure-play strategy, focusing on four core therapeutic areas and five technology platforms across four key geographies.
November 28, 2023 | 10:10 am
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Novartis expects mid-single digit growth due to the robust performance of its existing brands and pipeline assets, with a strategic focus on core therapeutic areas and technology platforms.
The positive growth outlook provided by Novartis is likely to instill confidence in investors, potentially leading to an increase in stock price in the short term. The company's focus on core areas and technology platforms suggests a strong strategic direction, which is often rewarded by the market.
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