Judge Rules Against Novartis' Effort To Halt Generic Launch Of Its Top-Selling Heart Disease Drug
Portfolio Pulse from Vandana Singh
Novartis AG (NYSE:NVS) faced a legal setback as a federal court ruled against its effort to block MSN Pharmaceuticals from launching a generic version of its top-selling heart-failure drug, Entresto. Despite the ruling, the judge temporarily suspended MSN's sales while Novartis appealed. Entresto generated $1.89 billion in Q2 sales, up 25% YoY. Novartis is considering all options to defend its IP rights and maintains its financial outlook for 2024.
August 13, 2024 | 2:32 pm
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Novartis AG faced a legal setback as a federal court ruled against its effort to block MSN Pharmaceuticals from launching a generic version of its heart-failure drug, Entresto. Despite the ruling, the judge temporarily suspended MSN's sales while Novartis appealed. Entresto generated $1.89 billion in Q2 sales, up 25% YoY. Novartis is considering all options to defend its IP rights and maintains its financial outlook for 2024.
The court ruling against Novartis' effort to block a generic version of Entresto could lead to increased competition and potential revenue loss. However, the temporary suspension of MSN's sales provides a short-term reprieve. The company's financial outlook for 2024 remains unchanged, but the legal challenges add uncertainty.
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