The Swiss pharma company Novartis ranks in the top 10 of pharma companies, and boasts drugs ranging from Ritalin and Lamisil to clozapine, Diovan and Gilenya. It also owns the generic giant Sandoz. Unlike its competitor, GlaxoSmithKline, Novartis did not offer free flu vaccines during the H1N1 flu epidemic.

In March 2011, Novartis gained FDA approval for Gilenya, its multiple sclerosis drug. The nod came on the heels of a narrower EMA approval, which grants second-line treatment status. According to experts, the drug could be worth $3 billion in annual sales as the first oral MS drug on the market.

Novartis purchased the remaining portion of eye care company Alcon in a $12.9 billion deal at the end of 2010, marking the end of one of the biggest battles in biopharma. Although many analysts predicted heavy layoffs in 2010 from the company, only 1,400 jobs were cut in December 2010, with the disclaimer that more could be on the way as Novartis, like others in the industry, analyzes its efficiency.

Tag:

Novartis

Latest Headlines

Latest Headlines

Biopharma's Top R&D Spenders - 2012

Add up the top-line R&D spending for the top 10 pharma companies in the world and you'd think that nothing had changed from 2011 to 2012. But you'd be very wrong. Big Pharma's heavy hitters in R&D have a wildly mixed record in a fast-changing field. It will be an interesting year ahead. Here's a look at last year's results, and an analysis of where they point. Read the report >>

UPDATED: Novartis grabs FDA's coveted 'breakthrough' status for lung cancer drug

The FDA has opened the inside track to Novartis' experimental lung cancer drug, which gained "Breakthrough Therapy" designation that speeds the development and review schedules for new treatments. The Swiss drug giant ($NVS) plans to file for approval the drug, now in mid-stage clinical trials, in early 2014.

Novartis rolls out iPhone apps for cancer patients

Novartis has added two more mobile apps to its constellation of digital offerings. This time, cancer patients are the target audience.

Top 5 Vaccine Companies by Revenue - 2012

Here we present the Top 5 vaccine companies based on their 2012 vaccine revenues, filtered out of company reports by EvaluatePharma. Take a look and let us know what you think. We always like to hear how you view and evaluate the data.

EU API law has drugmakers there in panic

Drugmakers in Europe are panicking over the possibility that come July, they are not going to have the APIs they need to make their products. And so they keep pleading with the European commission to cut them some slack.

Novartis eyes cancer patients with two mobile apps for iPhone, Android

Novartis Oncology has unleashed a pair of mobile phone apps that cater to patients or doctors, building on the pharma giant's digital outreach efforts that already include multiple offers on app stores from Google and Apple.

Cytos Biotechnology soars on results of asthma-drug study

After closing out a failed Novartis partnership in January, Cytos Biotechnology has registered some upbeat data from a mid-stage study of its lead drug against allergic asthma. On the news, Zurich-based Cytos' shares jumped 14% as of early this morning, Bloomberg reported.

Swiss prosecutor weighs charges against Novartis directors, ex-chairman

The court of public opinion passed quick judgment on Novartis and its 72-million-franc payout for departing chairman Daniel Vasella. The Swiss quickly said no,  non  and  nein  to that idea, and the company quickly abandoned that non-compete deal. But will an actual court have its chance to rule?

Reports: Ex-Novartis chief Vasella to flee Switzerland for US

Swiss media report that Vasella is decamping from his home in Zug for greener pastures in the U.S.

Eisai fires back at G-BA rebuff of Fycompa

Eisai's Fycompa is a first-of-its-kind seizure drug, a glutamate receptor antagonist and a blockbuster hopeful. The FDA gave the epilepsy drug its approval last year and the Japanese drugmaker is seeking approvals around the world. But Eisai has run into the German pricing agency buzzsaw, and, like its peers, says it is outraged at its treatment.