Novartis Ups Mid-Term Sales Guidance to 6% CAGR

Novartis, a leading pharmaceutical company, has upgraded its mid-term sales guidance to a compound annual growth rate (CAGR) of 6% for 2023-2028. This positive outlook reflects the company's strong performance and robust pipeline, driving investor confidence in its growth prospects.

Novartis' bullish guidance is underpinned by a combination of factors, including recent product launches, new indications, and a deep pipeline of high-value medicines. The company's 8 in-market brands, with peak sales potential ranging from USD 3 billion to USD 8 billion, are expected to be key growth drivers. These brands include Cosentyx, Kisqali, Kesimpta, Pluvicto, and Leqvio, each with significant sales potential and expanded market access.



Moreover, Novartis has 15+ near-term submission-enabling readouts in its pipeline, which are anticipated to bolster its growth trajectory. The company's commitment to innovation is evident in its 30+ high-value medicines, expected to support continued mid-single-digit sales growth beyond 2029. This pipeline, spread across four core therapeutic areas and five technology platforms, positions Novartis for long-term success.



Novartis' strategic acquisitions and partnerships have also contributed to its growth prospects. The acquisition of Kate Therapeutics complements the company's gene therapies for neuromuscular disorders, while the worldwide licensing and collaboration agreement with Ratio Therapeutics adds a next-generation SSTR2-targeting radiotherapeutic candidate to its deep radioligand therapy pipeline.

In conclusion, Novartis' upgraded mid-term sales guidance reflects the company's strong performance, robust pipeline, and strategic acquisitions. With a focus on core therapeutic areas and advanced technology platforms, Novartis is well-positioned to deliver sustainable value creation for shareholders in the short-, mid-, and long-term. Investors should continue to monitor the company's progress and the broader pharmaceutical landscape for opportunities in this dynamic sector.