Novartis raises annual sales growth forecast to 6% through 2028, driven by new drug launches.

Novartis raised its sales growth forecast to 6% annually through 2028, up from 5%, driven by strong market performance and upcoming drug launches. The company expects a 5% growth rate for 2024-2029 and a 40%+ operating income margin by 2027. Novartis is focusing on innovative medicines, with over 15 upcoming drug submissions and more than 30 assets in its pipeline, aiming to boost its portfolio and sustain growth beyond 2029.

November 21, 2024
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