Novartıs, Results, Switzerland, Germany, Healthcare (Trbc Level 1), Pharmaceuticals (Nec) (Trbc Level 5), Performance / Results / Earnings, Results Forecasts / Warnings, Reuters Top News

Novartıs, Results

Novartis lifts profit outlook as hospitals cope better with COVID

Novartis lifts profit outlook as hospitals cope better with COVID

10/27/2020 12:20:00 PM

Novartis lifts profit outlook as hospitals cope better with COVID

Novartis nudged up its operating profit guidance on Tuesday, as the Swiss drugmaker predicted healthcare systems would navigate a second COVID-19 wave better than the first and keep drug sales flowing.

The company now expects 2020 operating income growth in a low-to-mid double-digit percentage range, compared with a low double-digit rate forecast previously. Sales are seen rising by a mid single-digit percentage, unchanged from previous guidance.Third-quarter core net income climbed 8% to $3.47 billion, above analysts’ average forecast of $3.32 billion in a Refinitiv poll. Sales rose 1% to $12.3 billion, missing the $12.7 billion forecast.

Jeff Bezos Tables Latest Breakthrough Cost-Cutting Idea After Realizing It’s Just Slaves Tommy Tuberville Slammed For Using Free Car, Auburn Cheerleaders To Recruit 5-Star Senate Intern Diego Maradona, Soccer’s Flawed Genius, Dies at 60

Chief Executive Vas Narasimhan acknowledged COVID-19 disruptions could still derail 2020 targets, but said hospitals, doctors and patients had learned from lockdowns earlier this year that delayed treatment and hit sales of Novartis medicines.“Healthcare systems have realized the impact the pandemic had ... broadly on non-communicable diseases and overall preventative measures and screening measures,” Narasimhan said. “There’s a strong desire not to repeat that.”

Novartis has been boosting profitability, including by trimming thousands of jobs, and has sold more than a dozen plants since 2019 as it slims production.A week ago, Roche CEO Severin Schwan also predicted a second “healthcare lockdown” was unlikely, despite rising cases.

In July, Novartis trimmed its 2020 sales outlook due to COVID-19 disruptions.The company said third-quarter market conditions were recovering, though some areas remained sluggish including dermatology, where psoriasis medicine Cosentyx’s sales were up only 7%, a quarter of last year’s pace, to $1 billion.

Third-quarter net income fell to $1.9 billion, from $2 billion in 2019, as Novartis settled a legal case where the French government fined it 385 million euros ($455 million) over abusive practices to push eye injection Lucentis.Narasimhan pledged on Tuesday to appeal.

($1=0.8461 euros)Reporting by John Miller; editing by Brenna Hughes Neghaiwi and Mark Potter Read more: Reuters Top News »

Utah helicopter crew discovers mysterious metal monolith deep in the desert

What started as routine wildlife assistance took an unusual turn after a helicopter crew stumbled upon a mysterious monolith in the middle of rural Utah.

In other words, Novartis employees will cont working while infected. Please ABC NEWS and all news Australian end they world share with police of Melbourne this is video. ♥i cry for independents freedom's. visit Womens Rights and Men's rights and dogs and cat rights More like, as Covid19 rates rise the drug companies salivate at the prospect of superprofits. Don't act like the Herd immunity strategy pursued by Europe and America isn't sponsored by Big Pharma. Vultures.

95% only bad news(

As Europe And The U.S. Struggle To Contain Covid-19 Surge, Australia Lifts Its Strictest LockdownThe reality couldn’t be more different on opposite sides of the globe. NoBeersForNewsCorp Coronaviruses are seasonal. Their winter is ending and they will soon be in summer. Not exactly a surprise that it is disappearing now in Melbourne! Cannot erase the totalitarian police state that was used to ‘control’ the people of Melbourne!! BITCOIN READY FOR BLASTOFF TODAY!!!!!!! Rocket 🚀 to the moon 🌙, baby!!!!!

Texas Voters Who Contract COVID Before Election Day Will Need A Doctor’s Note To Vote AbsenteeA voting rights group had argued that getting a doctor’s sign-off would be too burdensome for many voters, particularly people of color. Alternate headline: TX voters who did not register to vote absentee will be granted an exception if they contract COVID and get a doctors note. That’s easy to do if they contract COvID. They are already speaking to a doctor How would someone know?

Dow down more than 300 points as COVID-19 cases surge, stimulus remains stalledStocks stumble out of the gate Monday as the number of daily U.S. COVID-19 infections hit a record at the end of last week and a final agreement on a new... Bullshit volatility due to the repeal of TheVolckerRule and these headlines are bought and paid for to give a semblance of credibility to the fraud. $SDOW, $SPXU, $SQQQ, $TMF, $LTPZ, $SGOL and $SIVR are your friends.

Can Airport COVID-19 Testing Encourage More People To Fly?Desperate to try to fill planes again, airlines are rushing to implement on the spot, rapid-response pre-flight Covid-19 testing for passengers. Will it work, and what are the stumbling blocks?

News Brief: Barrett Vote, Election Disinformation, COVID-19 CasesThe Senate is to vote on Amy Coney Barrett's Supreme Court nomination. Disinformation campaigns try to sway minds as voters head to the polls. And, COVID-19 cases reach record highs in many states.

My students are up against COVID-19, economic despair, online learning and heedless adults'The pandemic has thrown many of their families into economic despair. In some homes, high school seniors search the web for college scholarships while parents calculate their proximity to homelessness,' writes Larry Strauss for usatodayopinion. usatodayopinion ... and Joe Biden would shut down the economy, then open the borders to let in more people to take jobs from Americans. usatodayopinion We will rebuild. And we can do this.. If you pray, believe and do the work! usatodayopinion Please help! Please retweet/share! 8-months-old baby Joshua is battling acute lymphocytic leukemia, a type of blood cancer. His life is dependent on chemotherapy & a stem cell transplant. Help Joshua's family in offsetting the cost of his treatment here: