Monday, July 16, 2007

UPDATE 1-Novartis cuts outlook, Q2 profit up 18 pct

(Reuters) - Novartis said it now expected mid-single-digit growth in
group net sales and low-single-digit growth in drug sales,
slightly lower than its previous outlook.




Net profit at Novartis from continuing operations rose 18
percent to $1.94 billion in the second quarter due to strong
sales of top-selling drugs Diovan and Glivec and in line with
analysts' forecasts.


Read more at Reuters.com Mergers News

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