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-0.00135180804325791 -0.000901205362172046 0 -5.29458150275961E-05 -0.000563253351357569 0.00168976005407223 0.000337952010814317 0.000563253351357408
Stock impact report

Caution For Novartis, Rough Road Ahead, Sell [Seeking Alpha]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Seeking Alpha
SummaryQ1 was stellar, but COVID-19 boost helped tremendously and we should see a reversal in the coming quarters.COVID-19 is putting Ophthalmology is under a lot pressure, for existing drugs as well as adding to other problems for the recent launch, Beovu.Another recent launch, Zolgensma has been a disappointment this quarter, competition is heating up for this extremely high priced drug.We are bearish on Novartis.  We see many downside risks and better value in the space.Novartis AG (NYSE:NVSNovartis is one of the largest Biopharma companies in the world, posting over $47bn of revenues in 2019 and $14.1bn of core operating income (29.7% margin). The company is divided into two major segments - Innovative Medicines and Sandoz (generic pharma unit). The former delivered nearly 80% of revenues and 90% of operating profit in 2019.The major growth drivers for Novartis are its highest grossing drug Cosentryx ($3.5bn in 2019) as well as 5th highest Entresto ($1.7bn in 2019). The company is Show less Read more
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