Novartis is closing the Longmont, Colo., plant after buying it from AstraZeneca in 2019, , U.S. media including the Denver Business Journal reported. Sales of Zolgensma, a one-time treatment for spinal muscular atrophy, were $254 million in the fourth quarter from about $291 million in the third quarter, company data show.
Novartis now plans to make gene therapy at two other commercial production locations in Illinois and North Carolina. “We now know that we can fulfill our long-term demand, including for patients who may benefit from our next wave of gene therapies, with two commercial sites coupled with the technical development capabilities at our San Diego site, as well as our extensive network of external partners,” Novartis said in a statement to media.
Zolgensma’s sales have been hurt, in part, by stalled efforts to expand its use in older patients after safety concerns prompted Novartis to pause a trial in order to collect more data for the U.S. Food and Drug Administration. Novartis, which bought Zolgensma in 2018 with its $8.7 billion purchase of AveXis, has faced delays and trial failures on other drugs as well. These snags have muted revenue expectations, including for its cholesterol drug Leqvio that is awaiting regulatory sign-off on a European production facility and failure of an inflammation drug to boost lung cancer survival.
Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisadonaldT for transparency and trust.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What to watch today: Dow set to drop after fall from previous recordU.S. stock futures fell modestly Wednesday, one day after the Dow and S&P 500 fell from record high closes. Muhammad Qasim saw that PM Nawaz Sharif will be exiled, PM Imran Khan will struggle and fail, Chaos & civil unrest will rise in Pakistan, enemies of Pakistan will attack from Afghanistan and India. All these dreams have now come true. Learn more at BlackRock is getting ready for StockMarket crash!!! Offloading stocks and getting cash ready! More losses from margin calls to follow! Per Michael Burry, we are at the top of the biggest StockMarket bubble about to POP! Margin MarginDebt
Source: CNBC - 🏆 12. / 72 Read more »
Capital Calls: Testing slump hints at pandemic endFalling BioMerieux Covid-19 test sales suggest U.S. vaccines are working, writes aimeedonnellan
Source: Breakingviews - 🏆 470. / 51 Read more »
5 things to know before the stock market opens TuesdayU.S. stock futures fell Tuesday, one day after the Dow and S&P 500 surged to closing records. Knowing him _LARRY_ROBBINS was the best thing that happened to me, I believe this is your last bus stop to all your problems, He define a good business as a business with high recurring revenue stream, defensible, cash generative Gain a chance of earning $7,500 weekly I just moved to your city, who wouldn't mind showing me interesting places?
Source: CNBC - 🏆 12. / 72 Read more »
What to watch today: Stocks set to take a breather after Dow, S&P 500 closing recordsU.S. stock futures fell today, one day after the Dow and S&P 500 surged to closing records. Very big changes to how the world functions has filtered into the higher education sector with the University of NSW partnering with OpenLearning (ASX: $OLL) to create a new online pathway program thats changing the future of EDU!! Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials. ASX-OLL New annual report released Canaccord Genuity Report on $OLL - $0.50 Fair Value, $0.74 Bullish Target. A very good time to buy in the current stock price. Do Your own research before making any financial decisions
Source: CNBC - 🏆 12. / 72 Read more »
Hundreds Of Thousands Without Power As Severe Weather Continues To Sweep Eastern U.S.Some Covid vaccine sites have also been closed. 🌊☔️🌨
Source: Forbes - 🏆 394. / 53 Read more »