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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Merck & Co  on Monday said its third-quarter profit rose sharply, helped by sales of its vaccines and cholesterol drugs, and raised its 2007 profit forecast in view of strong current trends.
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Merck & Co. on Monday said second-quarter earnings rose on higher sales of its new vaccines and medicines, and the company raised its 2007 profit forecast amid continuing strong demand for the medicines.
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Schering-Plough Corp.  on  Monday reported quarterly earnings far higher than Wall Street  expected, fueled by growing demand for its drugs against  cholesterol, arthritis, allergies and hepatitis C.
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Swiss pharmaceutical giant Roche Group on Thursday announced third-quarter sales up 9 percent from the same period last year, driven by strong growth from its two leading cancer treatments.
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VEVEY, Switzerland -- Nestle SA, the world's biggest food and drink company, will buy the medical nutrition unit of pharmaceutical company Novartis for $2.5 billion, the companies said Thursday.
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The biotechnology company earned $186.1 million during the second quarter, citing strong sales of two drugs.
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The world's largest drug firm reports strong  profits despite a fall in Viagra sales  but  it warns that next year's profits will be hit by the expiry of  patents.
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Novartis AG lowered its full-year  results outlook as generic competition pressured sales of a key  blood-pressure drug, and said U.S. regulators had delayed the  approval process for an important cancer treatment.
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Schering-Plough Corp  said on Thursday that it expects to report higher sales of its cholesterol drugs Vytorin and Zetia in the fourth quarter of 2007 and in 2008 even though they face growing competition.
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The leading drugstore retailer is leveraging prescription sales to produce record results.
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BASEL, Switzerland  - Novartis AG fourth-quarter net profit fell 42 percent to $931 million, missing forecasts, hit by generic competition and a one-off restructuring charge, the Swiss drugmaker said on Thursday.
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GlaxoSmithKline, Europe's biggest drug maker, has booked a 14.9-percent increase in net profits for 2006, buoyed by soaring sales in the United States and despite a poor performance in Europe.
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Sales of its lead drug should expand in 2008.
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Merck & Co  on Monday said its  third-quarter profit rose sharply, helped by sales of its  vaccines and cholesterol drugs, and raised its 2007 profit  forecast in view of strong current trends.
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Strong drug sales provide a dose of good medicine for this pharmaceutical company.
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Pfizer Inc. , the world's largest drug company, on Wednesday said fourth-quarter earnings rose on strong sales of cholesterol treatment Lipitor and arthritis drug Celebrex.