Innovative Medicines business
Novartis’s (NVS) Innovative Medicines segment was formerly the company’s Pharmaceutical segment and now includes two smaller business units: pharmaceuticals and oncology. The segment contributed ~67% of NVS’s total revenues in 1Q17.
Key Innovative Medicines products
NVS’s Innovative Medicines business includes various products classified under the therapeutic areas of cardio-metabolic, dermatology, immunology, neuroscience, oncology, retina, respiratory, and established medicines. The segment reported a volume growth of 7%, offset by a 4% fall due to generic competition and a 1% fall due to the pricing of Gleevec-Glivec in the US and European markets. The outcome was 2% operational growth during 1Q17.
The products that reported growth in revenues in 1Q17 include Gilenya, Tasigna, Cosentyx, Ilaris, Exjade, Tafinlar and Mekinist, Promacta, Jakavi, Galvus, Exforge, Entresto, and a few respiratory products.
Cosentyx and Gilenya
Cosentyx, a drug for the treatment of plaque psoriasis, spondylitis, and psoriatic arthritis, reported growth of over 100% to $410 million in its 1Q17 revenues, following strong demand across various markets.
Gilenya, an oral therapy for multiple sclerosis, reported operational growth of 5% to $722 million in its 1Q17 revenues, due to strong performance across both US and international markets. Similar drugs include Biogen’s (BIIB) Tecfidera and Sanofi’s (SNY) Aubagio.
Tasigna and Tafinlar-Mekinist
Tasigna, a drug for the treatment of chronic myeloid leukemia, reported operational growth of 9% to $411 million in 1Q17, following the strong performance of the drug in and out of US markets. Tasigna competes with Pfizer’s (PFE) Bosulif (bosutinib).
The Tafinlar-Mekinist combination, which is used in the treatment of BRAF V600+ metastatic melanoma, reported $187 million in revenue growth in 1Q17, following the strong performance of the drug in all major markets.
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