How 2 Key Novartis Oncology Drugs Performed in 3Q17


Nov. 17 2017, Updated 7:30 a.m. ET

Tafinlar-Mekinist revenue trends

In 3Q17, Novartis’s (NVS) Tafinlar-Mekinist generated revenues of $224 million, which was ~30% higher YoY (year-over-year) and 4% higher QoQ (quarter-over-quarter).

In October 2017, the FDA (US Food and Drug Administration) granted the Tafinlar-Mekinist combination therapy a breakthrough therapy designation (or BTD) for the adjuvant treatment of individuals with stage-3 melanoma with a BRAF V600 mutation after complete resection. The FDA’s BTD was based on the results from the phase-3 Combi-ad trial, which, after 2.8 years, showed a substantial reduction in the risk of disease recurrence (53%) compared to placebo therapy.

Article continues below advertisement

Promacta-Revolade revenue trends

In 3Q17, Promacta-Revolade reported revenues of $227 million, which was ~35% higher YoY and 8% higher QoQ. Steady growth worldwide and the growth of the thrombopoietin class for chronic idiopathic thrombocytopenic purpura primarily attributed to the revenue growth of Revolade in 3Q17.

Votrient revenue trends

In 3Q17, Votrient generated revenues of ~$213 million, which was ~16% higher YoY and 4% higher QoQ. Sales growth in the US and the phasing in of emerging markets primarily attributed to this double-digit YoY revenue growth in 3Q17.

Votrient is indicated for the treatment of individuals with advanced renal cell carcinoma (or RCC).

In the RCC drugs market, Votrient competes with Pfizer’s (PFE) Sutent, Bristol-Myers Squibb’s (BMY) Opdivo, Bayer’s (BAYZF) Nexavar, and Roche’s Avastin. In 3Q17, Sutent, Opdivo, and Avastin reported revenues of ~$276 million, ~$1.26 billion, and ~$1.6 billion, respectively.

Notably, the Vanguard FTSE All-World ex-US ETF (VEU) invests ~0.77% of its total portfolio holdings in Novartis.


More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.