Novartis forecasts record sales
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Drugmaker Novartis reports a rise in 2004 earnings and forecasts record sales for this year.
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Novartis AG, Switzerland s biggest drugmaker, said third-quarter profit rose 21 percent as demand increased for the hypertension treatment Diovan and the cancer pill Gleevec.
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Enablex, also known as darifenacin, was approved by the Food and Drug Administration. Novartis (nyse: NVS - news - people ) had purchased the drug from Pfizer (nyse: PFE - news - people ) for $225 million
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German drugs and chemicals group Merck has reported quarterly earnings that have easily beaten forecasts thanks to strong sales of cancer drug Erbitux and a one-off payment for an alcoholism drug.
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The UK's biggest insurer unveils better than expected sales figures for the first nine months of the year.
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Swiss pharmaceutical giant Roche reported Wednesday a better-than-expected 2007 net profit of 11.4 billion Swiss francs (10.4 billion dollars, 7.1 billion euros), boosted by cancer drug sales.
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Tekturna, the first new type of blood pressure medicine in more than a decade, is a potential blockbuster for the Swiss pharmaceutical maker Novartis.
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Genentech Inc. DNA.N on Wednesday  posted a 50 percent rise in quarterly profit and raised its  full-year earnings forecast on strong sales of its new colon  cancer drug, sending its shares higher in after-hours trading.
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Novartis gets set to market a novel diabetes treatment, with EU approval that is not all it had hoped for.
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Novartis AG chief executive Daniel Vasella yesterday said that he ''wouldn't be surprised&quot; if US regulators ease rules limiting the importation of cheaper drugs from Canada, but cautioned that would damage the industry's financial footing and wouldn't help patients much.
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Merck &amp; Co. forecast higher profit next year as it cuts jobs and boosts revenue through sales of a new diabetes drug and cervical cancer vaccine.
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LONDON (CBS.MW) -- European drugmakers Novartis, Schering and Sanofi-Aventis on Thursday all posted rising third-quarter sales, helped by sales lifts in the companies&#39; key products.
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Pfizer Inc. PFE.N, the world's  largest drug company, on Wednesday said fourth-quarter earnings  rose on strong sales of cholesterol treatment Lipitor and  arthritis drug Celebrex.
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Worldwide sales of computer chips are expected to set a record this year, according to the San Jose, Calif.-based trade group Semiconductor Industry Association.
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SINGAPORE  - Swiss pharmaceutical giant Novartis AG said Tuesday it will invest &#36;180 million US in a new production facility in Singapore, a few weeks after its chief rivals made similar announcements.
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The natural foods chain is predicting double-digit sales growth until 2010.
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World&#39;s No.2 biotech company beats Wall Street consensus and raises its full-year profit forecast. NEW YORK  - Genentech Inc.