FRANKFURT: Novartis on Thursday raised its medium-term sales guidance, predicting 6% annual growth through 2028, driven by strong momentum of launched drugs and the prospect of upcoming market introductions.
The Swiss drugmaker was previously targeting mid-term currency-adjusted sales growth of at least 5% from 2023 to 2028.
Novartis lifts 2024 guidance for third time on wider use of its drugs
It added that through the 2024-2029 period, it was still expecting 5% growth per year, given its strong performance in 2024.
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