Drugs Help Switzerland Withstand Pain From Swings in the Franc [Yahoo! Finance]
Novartis AG (NVS)
Last novartis ag earnings: 4/28 01:00 am
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Source: Yahoo! Finance
Most Read from Bloomberg In Traffic-Weary Toronto, a Battle Breaks Out Over Bike Lanes In Italy's Motor City, Car-Free Options Are Growing New York City's ‘Living Breakwaters' Brace for Stormier Seas A country whose signature exports include chocolate, cheese and watches is benefiting from the rising proportion that pharmaceuticals play in its overall growth mix — offering the Swiss National Bank some limited breathing space to respond to currency shocks. That's because their overseas sales, often of patent-protected medicines, are more insulated to such swings. “If I need a drug because I'm in pain, then I don't care about the price,” said David Marmet, Swiss chief economist at Zuercher Kantonalbank. “The bigger pharma's contribution to Switzerland's economy becomes, the less dependent we are on the franc.” The industry may now may rival the country's iconic financial services in significance. Classed together with chemicals, it makes up some 6.3% of gross domestic produ
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NVS
Earnings
- 10/29/24 - Beat
NVS
Sec Filings
- 11/25/24 - Form 6-K
- 10/29/24 - Form 6-K
- 10/29/24 - Form 6-K
- NVS's page on the SEC website