Savings plan on track as Novartis mulls Sandoz sale

19 July 2022

Novartis (NOVN: VX) has reported slightly lower than expected revenues for the second quarter, which came in at $12.78 billion, a 1% decline from the same period of last year.

Net income for the quarter was $1.69 billion, a 41% drop, leading to an earnings per share (EPS) result of 77 cents.

Revenues were driven by 5% growth in the firm’s new innovative medicines unit, which combines products from pharma and oncology.

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