Watching Novartis; Traders Circulating The Co Lost A Ruling From FDA Allowing For Generic Ernestro
Portfolio Pulse from Benzinga Newsdesk
Novartis lost a ruling from the FDA, which allows for the production of a generic version of its drug Ernestro. This could impact Novartis' market share and revenue from this drug.
July 24, 2024 | 7:44 pm
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Novartis lost a ruling from the FDA, allowing for the production of a generic version of its drug Ernestro. This could negatively impact Novartis' market share and revenue from this drug.
The FDA ruling allows for generic competition, which typically leads to a decrease in market share and revenue for the original drug manufacturer. This is likely to negatively impact Novartis' stock price in the short term.
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