AcquisitionNovartis announced the acquisition of Anthos Therapeutics Inc., a privately held clinical-stage biotech company with lead asset abelacimab, in development for the prevention of stroke and systemic embolism in patients with atrial fibrillation.
Financial PerformanceGroup core operating profit came in 9% above consensus expectations with a better adjusted operating profit margin due to a better product mix and cost-containment initiatives.
Market PotentialThe anticoagulation market is worth around $20bn, suggesting a potential $5bn market for abelacimab in patients ineligible for oral anticoagulation.