Novartis Reports Positive Results From Phase III ASC4FIRST Trial; Meets Both Primary Endpoints

RTTNews | 178 days ago
Novartis Reports Positive Results From Phase III ASC4FIRST Trial; Meets Both Primary Endpoints

(RTTNews) - Novartis AG (NVS) reported Friday positive results from the pivotal Phase III ASC4FIRST trial, which met both primary endpoints with clinically meaningful and statistically significant results.

Scemblix (asciminib) demonstrated superior MMR rates at week 48 vs. investigator-selected SoC TKIs (imatinib, nilotinib, dasatinib and bosutinib) (67.7% vs. 49.0%) and imatinib alone

Scemblix also demonstrated a favorable safety and tolerability profile vs. imatinib and 2G TKIs, with fewer grade =3 AEs, dose adjustments, and half the rate of AEs leading to treatment discontinuation

This is compared to imatinib alone in patients with newly diagnosed Philadelphia chromosome-positive chronic myeloid leukemia in chronic phase (Ph+ CML-CP).

TKIs have transformed CML treatment, but unmet need remains. Many newly diagnosed patients do not meet molecular response goals, and many discontinue or change treatment due to intolerance2-17

Scemblix was granted US FDA Breakthrough Therapy Designation.

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Novartis Lifts FY24 Outlook After Q3 Beats Market; But Stock Down

Novartis Lifts FY24 Outlook After Q3 Beats Market; But Stock Down

Swiss drug major Novartis AG on Tuesday raised its core operating income and sales guidance for fiscal 2024 after reporting significantly higher profit in its third quarter, driven by sales growth in key drugs. The third-quarter core earnings and topline beat market estimates. Meanwhile, the shares were losing around 3 percent in the Swiss trading as well as in early morning trading on the NYSE.
RTTNews | 27 days ago
Novartis Q1 Profit Tops Market, Lifts FY24 View, Proposes New Chair; Stock Up

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Novartis AG's shares were gaining more than 4 percent in Switzerland and more than 5 percent in pre-market activity on the NYSE after the Swiss drug major reported Tuesday higher first-quarter profit, above market estimates, with strong sales growth. The company also raised its fiscal 2024 outlook for growth in sales and core operating income.
RTTNews | 216 days ago
Novartis Stock Down As Q4 Core EPS Miss Estimates; Sees Growth In FY24

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Shares of Novartis AG were losing more than 4 percent in the morning trading on the Switzerland exchange as well as in pre-market activity on the NYSE after the Swiss drug major's core earnings in the fourth quarter missed market estimates. On a reported basis, net profit surged on hefty income from discontinued operations related to Sandoz Group AG spin-off, as well as higher sales.
RTTNews | 299 days ago
Novartis Recalls Sandimmune Oral Solution

Novartis Recalls Sandimmune Oral Solution

Swiss drug major Novartis AG is recalling two lots of its Sandimmune Oral Solution (cyclosporine oral solution, USP), 100 mg/mL at the consumer level in the US, the U.S. Food and Drug Administration said. The recall was initiated after crystal formation was observed in some bottles, which could potentially result in incorrect dosing.
RTTNews | 363 days ago
Novartis Recalls One Lot Of Sandimmune Oral Solution 100 Mg/mL

Novartis Recalls One Lot Of Sandimmune Oral Solution 100 Mg/mL

Novartis AG (NVS) announced Monday it has recalled one lot of its Sandimmune Oral Solution (cyclosporine oral solution, USP), 100 mg/mL in the US due to crystal formation observed in some bottles. The company added that no other Sandimmune formulations are impacted.
RTTNews | 441 days ago
Novartis Lifts FY23 View As Q2 Results Top Market, Initiates $15 Bln Buyback; Stock Up

Novartis Lifts FY23 View As Q2 Results Top Market, Initiates $15 Bln Buyback; Stock Up

Shares of Novartis AG were gaining around 4 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the drug major raised its fiscal 2023 outlook on Tuesday after reporting higher second-quarter results. Core earnings and top line beat market estimates. Further, the company announced up to $15 billion share buyback to be completed by year-end 2025.
RTTNews | 496 days ago
Novartis Says FDA Approves Expanded Use For Leqvio

Novartis Says FDA Approves Expanded Use For Leqvio

Novartis AG (NVS) announced Monday that the US Food and Drug Administration (FDA) has approved a label update for Leqvio (inclisiran) to enable earlier use in patients with elevated LDL-C who have an increased risk of heart disease, as an adjunct to diet and statin therapy.
RTTNews | 504 days ago
Novartis Gets Positive CHMP Opinion For Entresto For Pediatric Heart Failure

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RTTNews | 605 days ago