Swiss drugmaker Novartis’s newest medicines will come under the microscope when it posts quarterly results on Tuesday as investors seek reassurance it can compensate for patent expires on its top sellers. Diovan, which sells $6 billion a year, goes off patent this year in Europe, with the United States and Japan following in 2012 and 2013.
The Basel-based group is seen posting a 7.4 percent rise in core earnings per share to $1.46, despite the strong Swiss franc, which soared to record highs against the dollar and the euro this year before the Swiss National Bank stepped in and imposed a cap on the franc against the euro.
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