Novartis reveals drop in net profit

Swiss drug maker Novartis AG said its fourth-quarter net profit fell 47% to 1.21 billion US dollars.

Novartis reveals drop in net profit
Wed, 25 Jan, 2012 - 07:40

Swiss drug maker Novartis AG said its fourth-quarter net profit fell 47% to 1.21 billion US dollars.

The Basel-based company said today that its results were affected by the decision to end a clinical study into wider uses of the hypertension drug Tekturna and other charges.

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