Stocks and Finance

Novartis

Novartis 2/2/2012

14:58 : Shareholder group slams Novartis over chairman's pay - Shareholder group Ethos called for Novartis investors to vote against re-electing board members who were among those deciding on the pay awarded to the Swiss drugmaker's chairman, Daniel Vasella.
Source : ibtimes-com

Novartis 1/25/2012

19:45 : Novartis finishes year with higher sales, lower profits - Novartis AG, which employs 300 people under its vaccines division in Holly Springs, reported fourth quarter and 2011 annual earnings late Wednesday. Despite increasing net sales by 16 percent to $58.6 billion, the Basel, Switzerland-based ...
Source : bizjournals-com
08:14 : Novartis Q4 profit halves to $1.2B on charges - DAVOS, Switzerland (AP) -- Swiss drug maker Novartis AG reported a 47 percent drop in its fourth-quarter net profit Wednesday, citing a slate of exceptional costs from the ending of clinical trials to manufacturing ...
Source : usnews-com
03:35 : Novartis (NVS): Q4 EPS of $1.23 misses by $0.03. Revenue of $14.8B (+4% ... - Novartis (NVS): Q4 EPS of $1.23 misses by $0.03. Revenue of $14.8B (+4% Y/Y) in-line. Expects 2012 sales to be in line with 2011, despite Diovan patent expiry and Tekturna/Rasilez decline. (PR) Post your comment!
Source : seekingalpha-com

Novartis 1/20/2012

10:35 : Novartis falls 4% on MS drug concerns - BOSTON (MarketWatch) -- Shares of Swiss drug maker Novartis AG fell 4% early Friday on reports that European regulators were looking into the cardiovascular safety of its recently approved multiple sclerosis treatment Gilenya. Shares of ...
Source : marketwatch-com

Novartis 1/13/2012

14:04 : JPMorgan Announces Earnings; Novartis to Cut U.S. Workforce - JPMorgan Chase & Co. (JPM) announced this morning that its fourth quarter earnings were lower by 23 percent, which analysts had expected, mainly due to the effects of the European debt crisis. Net income was $3.72 billion, or 90 ...
Source : forbes-com
12:54 : Alcon Labs parent Novartis laying off 2,000 - Swiss pharmaceutical giant Novartis AG announced Friday it would lay off 1,960 people and will take $1.22 billion in charges to prepare for generic competition to its blood pressure pill, Diovan, and lower sales potential of the drug Tekturna, ...
Source : bizjournals-com
07:29 : Stocks to Watch: Stocks to watch Friday: Novartis, Metabolix, JDA - A pair of business moves, one by a pharmaceutical giant and the other by a small company in the fledgling field of sustainable plastics, color the early headlines Friday, as investors await financial results from J.P. Morgan Chase.
Source : marketwatch-com
04:37 : Novartis (NVS) will cut nearly 2,000 U.S. jobs ahead of the patent loss ... - Novartis (NVS) will cut nearly 2,000 U.S. jobs ahead of the patent loss of top-selling blood pressure drug Diovan, and will take a $900M Q4 charge after a clinical trial showed patients taking blood pressure pill Rasilez actually did worse. ...
Source : seekingalpha-com
04:23 : Novartis to Cut 1,960 Jobs - Novartis said it will cut 1,960 jobs as it restructures its U.S. business, reflecting the patent loss of heart drug Diovan in the U.S. and the recent failure to turn high-blood pressure medicine Rasilez into a blockbuster.
Source : wsj-com

Novartis 1/10/2012

03:44 : Novartis (NVS) is recalling 1,645 lots of its Excedrin, NoDoz, Bufferin ... - Novartis (NVS) is recalling 1,645 lots of its Excedrin, NoDoz, Bufferin and Gas-X medicines. The FDA warned the products could contain stray pills from other products or chipped tablets. The plant where these medicines were manufactured ...
Source : seekingalpha-com
00:10 : Novartis recall may also affect painkillers: FDA - The issue stems from manufacturing problems at a Lincoln, Nebraska, facility which triggered a recall Sunday of 1,645 lots of Novartis' over-the-counter drugs.

Novartis 1/9/2012

17:19 : Excedrin Recall 2012: Novartis Products Recalled; How to Get a Full Refund - Novartis issued a recall on Sunday for a number of its over-the-counter drugs including headache remedy Excedrin and Bufferin, due to mislabeled and broken pills during manufacturing. Here's how you can get a full refund for the recalled ...
Source : ibtimes-com
12:34 : FDA: Novartis recall may also affect painkillers - WASHINGTON (AP) -- The Food and Drug Administration is warning patients about a potential mix-up between powerful prescription pain drugs and common over-the-counter medications like Excedrin and Gas-X made at a Novartis manufacturing ...
Source : usnews-com

Novartis 12/20/2011

16:41 : Novartis to halt some sales of high blood pressure drug - Two major pharmaceutical brands with ties to the D.C. region — Novartis and AstraZeneca — suffered some serious drug product setbacks recently Novartis has decided to halt sales of its approved high-blood pressure drug Rasilez, ...
Source : bizjournals-com

Novartis 12/13/2011

02:44 : Novartis preparing for pandemic - HOLLY SPRINGS - Pharmaceutical giant Novartis on Monday declared its $1 billion vaccine production plant, the first such facility of its kind, ready to inoculate Americans against the next global pandemic outbreak.
Source : newsobserver-com

Novartis 12/8/2011

15:35 : Shares of Roche ([[RHHBY]] +0.7%) and Novartis ([[NVS]] -0.1%) outperform - Shares of Roche (RHHBY +0.7%) and Novartis (NVS -0.1%) outperform the general market today, after a report released late yesterday at the San Antonio Breast Cancer Symposium showed that drugs the two companies are developing ...
Source : seekingalpha-com

Novartis 12/1/2011

10:42 : Swiss stocks rally, led by Novartis, Roche - LONDON (MarketWatch) -- The Swiss stock market rallied on Thursday, boosted by solid gains for pharmaceutical firms. The SMI index rose 1.3% to 5,728. Shares in drug firm Roche Holding AG jumped 2.3%, while Novartis AG was ...
Source : marketwatch-com

Novartis 10/26/2011

02:07 : Novartis warns of U.S. job cuts - Drugmaker Novartis said Tuesday that it's planning to eliminate 2,000 jobs in Switzerland and the United States in response to falling drug prices.
Source : newsobserver-com

Novartis 10/25/2011

16:36 : Novartis Animal Health in Greensboro spared from layoffs - While it’s bad news that drug maker Novartis is laying off 2,000 workers worldwide, the good news for the Triad is that Novartis Animal Health will not be affected. The U.S. headquarters and operations ...
Source : bizjournals-com
11:50 : Novartis will not rule out Massachusetts layoffs - Swiss drug maker Novartis AG (NYSE: NVS) announced Tuesday as part of its earnings release that the company would cut 2,000 jobs across U.S. and Swiss sites, while increasing head count by 700 in other, lower cost countries. A spokeswoman ...
Source : bizjournals-com
10:11 : Novartis to Slash 2,000 Jobs in Cost-Saving Plan - The company attributed the gains to leading pipeline results in new approvals, such as its high blood pressure treatment Rasitrio and breast cancer drug Afinitor, which it says expands its ability to be patient needs and sustain long-term growth.
Source : foxbusiness-com
05:46 : Novartis Cuts 2,000 as Pharma Industry Continues to Falter - FRANKFURT (MarketWatch) -- Britain's House of Commons late Monday defeated a motion calling for a national referendum on Britain's membership in the European Union. The motion was expected to be defeated. The leadership of the Conservative, Liberal Democrat ...
Source : 247wallst-com
05:08 : Novartis plans 2,000 jobs cuts despite profit rise - GENEVA (AP) -- Swiss pharmaceutical giant Novartis AG said Tuesday it will cut 2,000 jobs as drug prices come under pressure from governments seeking to reduce health care budgets....
Source : usnews-com
03:18 : Novartis (NVS): Q3 net profit +7.9% to $2.46B vs. forecasts of $2.81B. ... - Novartis (NVS): Q3 net profit +7.9% to $2.46B vs. forecasts of $2.81B. Revenues +18% to $14.84B, in line. Profits hurt by drug price cuts and the Swiss franc's strength, although revenues were aided dollar weakness. Plans to cut net 1,300 ...
Source : seekingalpha-com
03:15 : Novartis to cut 2,000 jobs to save annual $200 million - Swiss drugmaker Novartis AG is slashing 2,000 jobs in Switzerland and the United States as it seeks to rake in annual savings of more than $200 million in the face of growing price pressures and the ...
Source : foxbusiness-com

Novartis 10/21/2011

10:32 : J&J, Novartis Face EU Antitrust Probe Over Possible Hampering of Generic ... - EU antitrust regulators are investigating agreements between Johnson & Johnson and Novartis over concerns they may have delayed the entry of a generic version of a powerful painkiller on to the Dutch market.
Source : ibtimes-com

Novartis 9/28/2011

06:39 : F&C Commercial Property Trust Lets Building At Camberley To Novartis - LONDON -(Dow Jones)- F&C Commercial Property Trust Limited (FCPT.LN) Wednesday said an entire building at Watchmoor Park, Camberley,, comprising 60,000 square feet, has been let to Novartis (NOVN.VX) at a commencing rent of GBP850,000 ...
Source : foxbusiness-com

Novartis 9/11/2011

11:44 : Gates Foundation eyeing Novartis exec: Report - The Gates Foundation, belonging to Microsoft founder Bill Gates and his wife Melinda, could poach Novartis's head of global development, said a media report.

Novartis 9/5/2011

01:52 : Novartis gets European approval for Afinitor - LONDON (MarketWatch) -- Swiss drug company Novartis AG said Monday that the European Commission has approved its Afinitor tablets for the treatment of neuroendocrine tumors of pancreatic origin. Novartis said the approval ...
Source : marketwatch-com
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