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Examples
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Other strong performers included diabetes drug Galvus and high blood pressure treatment Exforge, which helped Novartis balance the partial patent loss of heart medicine Diovan and cancer medicine Femara.
Eye Care Boosts Novartis Goran Mijuk 2011
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Drug maker Novartis says the U.S. Food and Drug Administration has given tentative approval to its hypertension drug Exforge.
Midday Stock Slump 2006
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Tekturna and Exforge are both treatments for high blood pressure.
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"In our view, this seems excessive as we estimate Novartis offers the second fastest five-year earnings growth in the sector after Roche and we expect several positive catalysts by the end of the year including the approval of Tekturna and Exforge," wrote analyst Alexandra Hauber in a client report.
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Exforge launches are ongoing in China and Japan, two key markets with particularly high use of calcium channel blockers.
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Exforge, a single-pill combination of Diovan and the calcium channel blocker amlodipine, has delivered excellent growth globally since its launch in 2007.
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Exforge HCT, the first modern triple hypertension medication that includes a diuretic in a single pill, is now available for patients in over 40 countries with additional launches expected over 2011 and 2012.
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Exforge Group USD 317 million, +36% cc showed strong worldwide growth fueled by continued prescription demand in the EU, US and other key regions, as well as ongoing Exforge HCT launches in Europe, Asia and Latin America.
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The Exforge high blood-pressure drug generated $204 million in sales.
BusinessWeek.com -- 2010
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In addition, Novartis Pharmaceuticals is cooperating with a US Attorney's Office for the Eastern District of Pennsylvania (EDPA) investigation into potential off-label marketing and promotion as well as payments made to healthcare providers in connection with the following products: Diovan, Exforge, Sandostatin, Tekturna and Zelnorm.
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