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Novartis gains after positive late-stage MS drug trial data

BUZZ-Novartis gains after positive late-stage MS drug trial data

** Shares in Novartis NOVN.S rise 4.6% after the Swiss drugmaker's oral multiple sclerosis (MS) drug remibrutinib met the main goals in two late-stage studies and outperformed teriflunomide in reducing relapse rates

** Remibrutinib is one of three Novartis pipeline assets representing more than $10 billion in peak annual sales potential

** Vontobel points to remibrutinib's favourable safety profile, particularly the absence of liver safety signals, after several setbacks for BTK inhibitors across the industry

** Zuercher Kantonalbank says remibrutinib is one of Novartis' most important growth drivers and adds the results support a new class of oral MS therapies

** Shares are on track for their best day since March 2023

($1 = 0.8102 Swiss francs)


(Reporting by Kira Britten)

((Kira.Britten@thomsonreuters.com))

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