Burst of H1N1 vax orders fuel spike in Novartis profits

In the end the swine flu pandemic proved far more mild than originally anticipated, but the one-time demand for the H1N1 vaccine helped swell profits at Novartis in the first quarter by 49 percent.

Flu contracts contributed $1.1 billion to the $12.3 billion sales total Novartis reported for the quarter. And the big pharma company says that it expects that revenue bump will not be repeated anytime soon. Any future sales increase will come from the 145 products in the Novartis pipeline and from Alcon, says CEO Joe Jimenez, an eye therapy company which was recently acquired.

- see Novartis' earnings release
- here's the story from the Wall Street Journal

On-Demand Webinar

Leveraging A Medical Record-Enriched Patient Dataset for COVID-19 Research

You are invited to join a webinar that will explore the ways researchers can leverage this enriched dataset for important COVID-19 research. Sign up today for this informative webinar to learn how you can leverage one of the only medical record reviews solely using real-world data from hospitalized COVID-19 patients.

Suggested Articles

Life sciences companies have pivoted quickly during COVID-19 - Syneos Health® is supporting more than 80 active COVID-19 projects, including vaccines.

Iowa State University is working on a room-temp-stable nasal spray vaccine for COVID-19, and it recently tapped device maker Zeteo for support.

Pfizer's shot will go before an FDA expert panel on Dec. 10, with Moderna's review pegged for the 17th, Warp Speed chief Moncef Slaoui, Ph.D., said.