June 26, 2003 |
Novartis, Europe's third-largest drug maker, agreed to help Genentech Inc. develop and market its experimental eye treatment Lucentis, which treats the main cause of blindness in people over 50. The pair will split Lucentis' development costs, and Novartis will sell it outside the U.S., Canada and Mexico. Genentech will get undisclosed research payments and royalties on sales, Switzerland-based Novartis said. South San Francisco-based Genentech's shares rose 5 cents to $71.70 on the NYSE.
March 1, 2000 |
Pasadena-based Jacobs Engineering Group Inc. said Tuesday that it signed an exclusive contract to oversee all future engineering and construction projects for global drug giant Novartis. Jacobs will be the only company to provide engineering, architecture and other related services for Novartis in the United States, Europe and India. Neither financial terms nor length of the contract was disclosed.
December 18, 1999 |
Genentech Inc. and Novartis' allergy drug anti-IgE appeared effective during company tests in reducing asthma flare-ups, Genentech said, sending its shares up 10%. South San Francisco-based Genentech and Novartis expect to apply for regulatory approval of the drug, also called E-25, in mid-2000. Analysts said the drug has blockbuster potential because of the number of people who suffer from allergy and asthma.
July 15, 2005 |
Novartis said profit rose 9.2%, beating analyst estimates, as the company's heart medicine Diovan and cancer drug Gleevec helped it win market share. Net income rose to $1.65 billion, or 70 cents a share, from $1.51 billion, or 63 cents, a year earlier, Basel, Switzerland-based Novartis said. Analysts expected profit of $1.57 billion, according to a survey by Bloomberg. Revenue rose 12% to $7.8 billion. Novartis increased its share of the world pharmaceutical market to 4.6% from 4.
August 23, 2002
Novartis said its anti-cancer drug Gleevec is receiving a priority review from the Food and Drug Administration for use by a wider range of sufferers.
February 11, 2000 |
Quaker Oats Co. said it is entering a joint venture with Swiss drug company Novartis to woo consumers who want foods that have proven health benefits. The new firm, Altus Food Co., will develop "functional foods"--those with ingredients said to contribute to better health--in the United States, Canada and Mexico. The companies said they intend to get a sizable chunk of the U.S. market for healthy food, which they estimate at $10 billion to $20 billion and which is growing by 10% or more a year.