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Novartis first-quarter profits surge
April 21, 2008—First-quarter net profits at
Novartis, the
Swiss drug-maker, rose 10 per cent to $2.31 billion, helped by
cost cuts and the weak dollar, easily beating forecasts and
boosting shares at the opening on Monday by more than 5 per
cent. Novartis, which is digesting a $39 billion deal to buy
eye-care company Alcon, on Monday also confirmed its full-year
forecast.
Financial Times
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