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Novartis sees sales boost from key cancer drugs [Yahoo! Finance Canada]

Avidity Biosciences, Inc. (RNA) 
FRANKFURT (Reuters) -Swiss drugmaker Novartis on Thursday forecast sales growth of 5% to 6% per year to 2030, on a currency-adjusted basis, as ?higher forecast peak sales for cancer drugs Kisqali and Scemblix offset losses from expiring patents. ? Shares of the company rose about 1% in early trade. They have gained 16% so far this year. Novartis has been ?on a $30-billion spending spree on acquisitions and licensing deals this year to bolster its pipeline ahead of patent expiries for its top-selling heart treatment Entresto and asthma drug Xolair. HIGHER PEAK SALES FORECASTS The company said it now expects peak sales for breast cancer drug Kisqali of at least $10 billion, versus a previous estimate of $8 billion. For leukaemia drug Scemblix, it expects peak sales of ?at least $4 billion, up from ?at least $3 billion. Jefferies analysts said there was "ample room" to raise targets further for the two drugs. In the first nine months of 2025, Kisqali and Scemblix made combined Show less Read more
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