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Swiss pharma giant Novartis bets on a breast cancer blockbuster as sales rise

1. Novartis expects Kisqali to become a blockbuster drug. 2. Kisqali sales surged 64% globally, 100% in the U.S. 3. Entresto faces generic competition as patent expires next year. 4. Overall, Novartis' second-quarter sales rose 11% to $14.05 billion. 5. Company announces $10 billion share buyback, indicating growth confidence.

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FAQ

Why Bullish?

Kisqali's strong sales growth offsets future risks from Entresto's patent expiry.

How important is it?

Kisqali's growth and the share buyback highlight strategic adjustments, impacting investor confidence.

Why Long Term?

Kisqali's market potential supports sustained revenue growth beyond immediate challenges.

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