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flag Novartis beat expectations with strong Q3 results, raised long-term growth targets, and confirmed major investments despite generic competition.

flag Novartis reported stronger-than-expected third-quarter profits and sales, with net income rising to $3.93 billion and sales reaching $13.91 billion, driven by strong performance from newer drugs like Kisqali, Kesimpta, and Pluvicto. flag Despite flat sales of its heart drug Entresto due to generic competition, the company reaffirmed its 2025 outlook, projecting high-single-digit sales growth and low-teen operating income growth. flag It also raised its long-term sales growth target to 6% annually through 2029 and confirmed ongoing investments, including a $12 billion acquisition of U.S. biotech Avidity, to offset patent expirations.

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