NVS
Novartis AG135.03
-0.16-0.12%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A refines pipeline details
Q&A largely reaffirmed the scripted story of strong brand momentum and pipeline progress through 2026's generic headwinds, but surfaced useful pipeline nuances. Management detailed limited FDA-mandated liver monitoring for remibrutinib in MS—less than competitors—and confidence in efficacy despite no Phase II data, while flagging a multibillion-dollar food allergy opportunity with Phase II readout imminent. On pelacarsen, lower event rates likely stem from optimized LDL management, yet the trial remains powered for mid-teens CVRR win. Kisqali's Q4 gross-to-net hit was a one-time Medicare mix shift. Ex-US launches for Rhapsido and ianalumab face MFN pricing hurdles, but plans are advancing. Investors will eye H1 pipeline catalysts amid cautious 2026 guidance.
Key Stats
Market Cap
259.09BP/E (TTM)
18.47Basic EPS (TTM)
7.31Dividend Yield
0.03%IPO
Website
Employees
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Industry
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