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Novartis Q4 and FY ’21 Earnings Update

Novartis hosted its Q4 ’21 earnings call (press release; slides) and provided brief updates to its CVRM business, including Entresto’s market performance and updates on Leqvio’s US and UK launches. Although not discussed in detail, management stated clinical trials for both iptacopan and pelacarsen remain on track. Additionally, management stated that the Sandoz strategic review remains in progress and Novartis will “hopefully come to a decision” in H2 ’22. Below are highlights from the call.

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