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Real estate san felipe mexico solutions for your legal needs. Von Altersvorsorge bis Zinsen. Novartis gains momentum with strong performance in first half of.

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From portfolio focused on growth areas of healthcare. Corporate news announcement processed and transmitted by Hugin ASA. Strategic Kyla shyla site strengthen portfolio and complement internal growth drivers Novartis on track for record sales and earnings in from continuing operations Key figures Continuing operations First half H H change of of net net USD m sales USD m sales USD lc Net sales Operating income. Daniel Vasella, Chairman and CEO of Novartis said The growth acceleration in the second quarter of and our R D successes, especially in Pharmaceuticals and Vaccines, demonstrate that our strategy is delivering results and that we are heading towards a promising future despite a weak economy. Speed and productivity of operations are improving and growth in most countries is dynamic.

Above the of net income growth reflecting the lower number of outstanding shares. Top performers included Aclasta Reclast USD million as the only once yearly therapy for osteoporosis and Lucentis USD million as the only approved treatment shown to maintain and improve vision in people with age related macular degeneration. Afinitor RAD is set for first regulatory submissions in as a breakthrough treatment for advanced kidney cancer, with studies underway in other cancers. The reduction of, full time equivalent positions is underway, with nearly all affected associates notified. The acquisition of Protez Pharmaceuticals, a privately held US biotechnology company, will provide rights in the US and Europe to PZ, a promising antibiotic in Phase II development that has shown potential to treat life threatening hospital infections. Group outlook Barring any unforeseen events Novartis reaffirms expectations for another year of record net sales and earnings in from continuing operations entirely focused on healthcare.

Sandoz is now expected to achieve mid single digit net sales growth for the full year in local currencies. Billion, lc gained momentum and accounted for four of the five top selling medicines. Operating income H H Change of of net net USD m sales USD m sales Pharmaceuticals. Vaccines and Diagnostics operating loss of USD million The operating loss in the first half reflects the seasonal nature of this business, where seasonal flu vaccines sales mainly occur in the second half. Major investments were made in Declan kelly and product quality as well as late stage clinical trials and pre launch activities for the two meningitis vaccines. Excluding exceptional items and the amortization of intangible assets in both periods, the adjusted operating loss was USD million in the first half compared to an adjusted operating income of USD million in the period.

Productivity gains supported an improvement in Costs of Goods Sold, which rose only. Second quarter Net sales Q Q change USD m USD m USD lc Pharmaceuticals Vaccines and Diagnostics Sandoz Consumer Health continuing operations Net sales from continuing operations Pharmaceuticals lc to USD. Billion A turnaround was achieved in the second quarter with higher sales in local currencies coming from the flagship cardiovascular and oncology brands as well as recently launched products. Emerging markets and strategic brands helped OTC offset lower sales in the US, which were hurt by an overall market shift in consumer spending toward unbranded, private label products.

Billion Strong operating income gains came from growing momentum in the underlying business, good progress of productivity initiatives that have delivered savings ahead of schedule and a net positive impact from one time items. Percentage points to the improved operating income margin, mainly from royalty income for Betaseron reg. Excluding exceptional items and the amortization of intangible assets in both periods, adjusted operating income was USD million in the quarter compared to USD million in the quarter. The quarter included one time charges of USD million. Of net sales in the quarter from. Corporate income and expense, net Higher corporate expenses included the impact of negative foreign exchange movements and additional investments in global IT Online technomarine watch, which were partially offset by productivity gains from the Forward initiative.

Billion in the year ago period and robust currency management. In the second quarter of both years, the tax rate for continuing operations was lower than usual due to reductions of anticipated full year tax rates. Billion, and higher short term financial debts mainly from the USD billion Commercial Paper program in the US led to the debt equity ratio rising to. Proceeds of the Swiss franc bond offerings in the second quarter and the US commercial paper program provided a cash inflow of USD. Femara USD million, lc, an oral therapy for women with hormone sensitive breast cancer, outpaced Alessandra toreson and gained share in the aromatase inhibitor segment due to its unique benefits shown in major clinical trials. Novartis co promotes Xolair with Genentech in the US and shares a portion of operating income.

Launches are now underway in more than countries for this first new type of high blood pressure medicine in more than a decade, known as Tekturna in the US and Rasilez in other markets.

Among the highlights at ASCO Afinitor everolimus, RAD , an oral inhibitor of mTOR a key biological pathway involved in various cancers, more than doubled the time without tumor growth in patients with advanced kidney cancer after failure of standard treatment.

Early proof of concept studies presented at ASCO showed Afinitor may offer a novel treatment strategy for breast cancer by overcoming resistance and enhancing the efficacy of several commonly used breast cancer treatments. Afinitor acts by directly inhibiting tumor cell growth and metabolism as well as the formation of new blood vessels angiogenesis. Novartis gained rights to its own branded version in agreements with Bayer Schering related to Novartis acquiring Chiron. The US and European launches by the Sidney korshak Division are on track for first half of, in line with an agreement with Bayer Schering.

A Phase III trial in infants and children is underway as part of its development. Another project being pursued with Momenta is enoxaparin, a technologically enabled generic version of Lovenox reg.

Nor can there be any guarantee that the Novartis Group, or any of its divisions or business units, will achieve any particular financial results. Unexpected regulatory actions or delays or government regulation generally.

Government, industry, and general public pricing and other political pressures.

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