Novartis AG (NYSE:NVS) announced positive Phase III trial results for ianalumab, a novel monoclonal antibody, and received FDA approval for a label update for Leqvio. The drug has the potential to treat chronic autoimmune disorder Sjögren’s and expand its utility in cholesterol management. Institutional interest in the stock remains strong, with a 34-strong hedge fund presence and an annual dividend of $3.99 per share.
Novartis AG (NYSE:NVS) has made significant strides in the pharmaceutical industry with the announcement of positive Phase III trial results for ianalumab and the FDA approval for a label update for Leqvio. These developments have the potential to expand the company's reach in treating chronic autoimmune disorders and cholesterol management, respectively.
ianalumab for Sjögren’s Disease
The results from the Phase III NEPTUNUS-1 (NCT05350072) and NEPTUNUS-2 (NCT05349214) trials demonstrated that ianalumab significantly reduces disease activity and shows a favorable safety profile in adults with active Sjögren’s disease. This breakthrough marks a significant advancement in the treatment of this chronic autoimmune disorder, which affects approximately 300,000 people in the United States alone.
Leqvio Label Update for Cholesterol Management
The FDA has approved an updated label for Leqvio, enabling it to be used as a twice-yearly monotherapy for low-density lipoprotein cholesterol (LDL-C) management in adults with hypercholesterolemia. This update no longer requires Leqvio to be used in combination with statins, potentially expanding its utility and simplifying treatment regimens for patients with high cholesterol levels.
Institutional Interest in Novartis AG
The positive developments have not gone unnoticed by institutional investors. Novartis AG currently has a strong hedge fund presence, with 34 funds holding positions in the company. Additionally, the company's annual dividend stands at $3.99 per share, providing investors with a steady return on their investment.
References:
[1] https://www.pharmexec.com/authors/don-tracy-associate-editor
[2] https://www.pharmexec.com/authors/don-tracy-associate-editor
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