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Novartis Rises 0.9% as Priority Brands Drive Q3 Growth and Full-Year Profit Guidance Is Raised

Novartis shares rose about 0.9% after the company reported solid third-quarter sales growth, stronger core profitability and an improved full-year outlook.

Third-quarter net sales increased 4% at constant currencies, while core operating income rose 10%. Core operating margin expanded by 2 percentage points to 41.6%, supported by strong growth from key medicines including Kisqali, Kesimpta, Scemblix, Leqvio and Cosentyx.

Core EPS increased 8% at constant currencies to $2.46. Free cash flow was $5.1 billion, down 18% in U.S. dollar terms.

Reported earnings were weaker because of a partial impairment of the del-desiran asset. Operating income fell 61% at constant currencies, while net income declined 71%. Management said the del-desiran DM1 readout was disappointing, although other pipeline programs continue to progress.

Novartis raised its 2026 core operating income guidance to between flat and low-single-digit growth, compared with its previous expectation for a low-single-digit decline. Sales guidance remained unchanged at low-single-digit growth.

The 0.9% gain appears to reflect strong momentum in priority brands, margin expansion and the upgraded profit outlook, which outweighed the impairment-related decline in reported earnings.
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Author
European Investor 10-27-26
Novartis acquires Anthos Therapeutics in deal worth up to $3.1 billion, paying $925 million upfront

Blackstone Life Sciences and Anthos Therapeutics announced that Novartis has completed its acquisition of Anthos in a transaction valued at up to $3.1 billion. The deal includes a $925 million upfront payment, with additional payments tied to regulatory and commercial milestones. Anthos was founded in 2019 by Blackstone Life Sciences and Novartis to develop abelacimab, a novel Factor XI inhibitor currently in Phase 3 trials for atrial fibrillation and cancer-associated thrombosis.
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Author
The Investor 04-04-25
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09-08-26The Investor
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10-27-25The Investor