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.



Latest Headlines

Latest Headlines

Novartis, Google shoot to have smart contact lenses in clinic in 2016

Swiss drugmaker Novartis has been on a med tech roll this past year, forging ahead with multiple projects to gain ground in the industry. And at least one of those initiatives, a "smart" contact lens that it's developing with tech titan Google, is already starting to bear fruit.

Generic alternative to Novartis' transdermal patch for Alzheimer's hits the market

The first generic version of Novartis' transdermal patch for Alzheimer's has been launched with hopes of getting a slice of the branded med's approximately $400 million in annual sales. Until now Novartis's Exelon Patch was the only transdermal product for the disease on the market.

Novartis snags EU approval for multiple myeloma med Farydak

Novartis scored EU approval for its multiple myeloma med Farydak (panobinostat), months after the FDA signed off on the drug for patients with serious forms of the disease.

Google hooks up with Sanofi to continue diabetes drive

Google is keeping up the pace of its push into diabetes. Having got the ball rolling by allying with Novartis in 2014, Google has now added Sanofi to its burgeoning list of diabetes collaborators.

Novartis' LCZ696 scores another victory with early-access blessing in U.K.

Novartis won't have to wait for European regulators to do a full-force data sift before its new heart failure drug becomes available in England. The U.K. will allow Novartis to roll out its Entresto drug under an early-access scheme begun last year.

Novartis finally gets to roll out inaugural biosim Zarxio. What will payers and docs do?

The age of biosimilars in the U.S. has finally dawned with the launch of Novartis' Zarxio, a copy of Amgen's Neupogen (filgrastim). And it's arriving with a 15% discount to win scripts over from the brand.

Novartis team tracks remissions of 4-plus years in a pioneering CAR-T study

Five years after the University of Pennsylvania began recruiting a small group of 14 patients with hard-to-treat chronic lymphocytic leukemia, researchers are still tracking three of them who are still alive with no signs of their cancer returning after being treated with a first-generation CAR-T therapy.

European pharma lobby says 'non' to French funding for off-label Avastin

The French government recently said "oui" to Roche's ($RHHBY) cancer drug Avastin as a cheap, off-label treatment for the blinding eye disease wet age-related macular degeneration (AMD), prompting a resounding "non" from the pharma industry, which is none-too-pleased with the country's latest move.

In neuroscience swap, Amgen buys into Novartis' BACE drug program for Alzheimer's

Amgen is buying into Novartis' early-stage BACE program for Alzheimer's, paying an unspecified upfront and milestones in exchange for a cut of the program, which looks to slash the production of a key toxic protein widely viewed as a prime suspect in the development of the memory-wasting ailment.

Novartis nabs EU approval for melanoma-fighting cocktail bought from GSK

Novartis' melanoma duo Tafinlar and Mekinist scored a priority stateside review in July along with a positive recommendation from the European Medicines Agency's Committee for Medicinal Products for Human Use. Now the EU has given its final signoff on the combo for patients with a deadly form of the disease.