Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  Novartis    NOVN   CH0012005267

NOVARTIS (NOVN)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

UK's NICE Backs Novartis Eye Drug, Reversing Earlier Guidance

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2012 | 01:16am CEST

By Marta Falconi

ZURICH--The U.K.'s health costs watchdog has reversed earlier guidance and now recommends eye drug Lucentis for a new use, after its maker Novartis AG (>> Novartis AG) offered a better price.

The U.K's National Institute for Health and Clinical Excellence, or NICE, recommends the drug for certain patients who suffer from visual impairment caused by diabetic macular oedema, the regulator said Friday. Without discount, Lucentis costs 742.17 pounds ($1,195) per injection and is given monthly, NICE said.

The new draft guidance is now up for consultation.

NICE decides if particular treatments should be used on the state-run National Health Service. The watchdog had previously rejected Lucentis for diabetic macular oedema, a condition caused by fluid collecting in the central part of the retina, which leads to blurred central vision and other problems.

The drug is already recommended to treat wet age-related macular degeneration.

Novartis said it was pleased with NICE's decision, but lamented the watchdog's move to restrict Lucentis to only those patients with more thickened retinas.

"This has undervalued the benefits that Lucentis provides to all patients with visual impairment due to diabetic macular oedema," the company said.

The Swiss company said it will continue to work with NICE and other health authorities until final draft guidance is issued by early 2013.

Lucentis, which generated nearly 2.05 billion Swiss francs ($2.19 billion) in sales in 2011, was co-developed by Novartis and Swiss rival Roche Holding AG (ROG.VX). Novartis markets the medicine outside the U.S.

Write to Marta Falconi at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Novartis AG
Stocks mentioned in the article
ChangeLast1st jan.
NOVARTIS 1.01% 74.02 Delayed Quote.-8.25%
ROCHE HOLDING LTD. 2.56% 216.45 Delayed Quote.-14.38%
ROCHE HOLDING LTD. 2.33% 186.98 Delayed Quote.-13.35%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NOVARTIS
06/20GLOBAL CARCINOID SYNDROME MANAGEMENT : The research provide Industry Overview, M..
AQ
06/20NOVARTIS : survey uncovers real-world impact of immune thrombocytopenia or ITP, ..
AQ
06/20NOVARTIS : study of real-world data concludes Jakavi is associated with a reduct..
AQ
06/20NOVARTIS : Sandoz presents new long-term and switching data for biosimilars Zess..
AQ
06/19Payers, drugmakers face off over CAR T Medicare coverage
AQ
06/18NOVARTIS : JULIET Trial of Kymriah Demonstrates More Than One-Year Durability of..
AQ
06/18NOVARTIS INTERNATIONAL AG : Alcon AcrySof IQ PanOptix Trifocal Intraocular Lens ..
AQ
06/18NOVARTIS INTERNATIONAL AG : Alcon AcrySof® IQ PanOptix® trifocal intraocular len..
GL
06/16NOVARTIS : Sandoz Presents New Long-term and Switching Data for Biosimilars Zess..
AQ
06/16NOVARTIS : JULIET trial of Kymriah demonstrates more than one-year durability of..
AQ
More news
News from SeekingAlpha
06/20YOUR DAILY PHARMA SCOOP : TG Therapeutics Phase 2 Results, Geron Positive, Agio .. 
06/19Translate Bio Prepares For $100 Million U.S. IPO 
06/19Sandoz Canada to enter medical cannabis arena 
06/19PTC Therapeutics Surges On Positive Outcome From Rare Disease Study 
06/18Novartis' Kymriah shows sustained benefit in DLBCL patients 
Financials ($)
Sales 2018 52 590 M
EBIT 2018 13 229 M
Net income 2018 10 415 M
Debt 2018 13 548 M
Yield 2018 4,03%
P/E ratio 2018 15,27
P/E ratio 2019 18,11
EV / Sales 2018 3,85x
EV / Sales 2019 3,70x
Capitalization 189 B
Chart NOVARTIS
Duration : Period :
Novartis Technical Analysis Chart | NOVN | CH0012005267 | 4-Traders
Technical analysis trends NOVARTIS
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 90,1 $
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Vasant Narasimhan Chief Executive Officer
Hans Jörg Reinhardt Independent Non-Executive Chairman
Harry Werner Kirsch Chief Financial Officer
John Tsai Chief Medical Officer
Srikant Madhav Datar Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
NOVARTIS-8.25%188 977
JOHNSON & JOHNSON-13.17%325 398
PFIZER-0.17%211 520
ROCHE HOLDING LTD.-14.38%182 331
MERCK AND COMPANY8.46%164 082
AMGEN5.78%121 721