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via finance.yahoo.comBusiness & Companies

Novartis halts pelacarsen after trial miss as ianalumab data impresses

FROM THE WIRE · FINANCE.YAHOO.COM

Novartis (SWX:NOVN) halted development of its cardiovascular drug pelacarsen after a late stage outcome trial failed to meet its goal. The decision affects Novartis' efforts in cardiovascular risk reduction, a major therapeutic area for large patient populations. Novartis…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHalting a late-stage cardiovascular drug weighs on the pipeline of a large pharmaceutical group.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Novartis halted development of pelacarsen after a late-stage outcome trial failed its goal.
  2. 02The decision affects cardiovascular risk reduction efforts.
  3. 03Novartis reported positive long-term extension data for ianalumab in Sjögren's disease.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Novartis AGNOVN.SWStock133.64 CHF+0.56%today -0.62%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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