Does anybody care NOVARTIS wants to be our Universal Healthcare
@revellanotvanella (4033)
United States
August 14, 2009 12:01pm CST
Im not posting this for money, just to put the evidence out there. Please read my post "Novartis going 'Universal'" and its there.
Novartis started in 1996 and has now grown to the extent where all their sales come from healthcare.
Novartis HEALTHCARE PORTFOLIO OVERVIEW
We believe our portfolio best meets the varied and often complex needs of patients and societies.
Novartis is positioned to lead in innovation, partnered with others and offer solutions to patients across broad healthcare spectrum. In addition, a diverse portfolio reduces financial risk, bringing greater value to
those who invest in our company.
Novartis has been transformed since its creation in 1996-when only 45% of net sales came from healthcare--into a leader focused on fast growing areas of healthcare.
Novartis(NYSE: NVS) is one of the largest pharmaceutical companies in the world, with annual sales of $42.6 billion. While Novartis produces medications for many diseases, cancer and cardiovascular medications make up the bulk of sales. These medications include blockbuster drugs Gleevec and Diovan, which will benefit from the demographic realities of an aging US population that is more susceptible to cancer or cardiovascular problems. In addition to their current drugs, Novartis has one of the strongest pipelines in the pharmaceutical industry, with over 50 new products set to premier in the next several years.
Novartis is moving more and more towards biologics, compounds that mimic substances in the body. Biologics are a sound investment for drug companies because they are generally seen as more resistant to generic competition due to the fact that they are difficult to make/copy.
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