Novartis shares suffer as financial results underwhelm analysts

2 February 2022

Swiss pharma giant Novartis (NOVN: VX) was trading 3% lower at lunchtime on Wednesday after presenting its fourth-quarter and full-year 2021 financial results.

Citigroup analysts were quoted by the Financial Times as saying the quarter was “underwhelming” with key drugs Entresto (sacubitril/valsartan), Gilenya (fingolimod), and Cosentyx (secukinumab) missing consensus estimates for sales.

The group’s total sales for the fourth quarter came to $13.23 billion, a 4% rise in the same period of 2020. Over the year as a whole, this figure was $51.63 billion, up 6%.

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