Novartis lifts 2023 earnings forecast for third time

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Prelude to the Best Sommelier of Canada Contest | SaltWireFRANKFURT - Novartis on Tuesday raised its full-year earnings forecast for the third time on strong drug sales, after its generic drugs business Sandoz was spun off and listed on Oct 4.

The Swiss drugmaker said in a statement that it expects group core operating income to grow by a percentage of"mid to high teens" in 2023, up from"low double-digit to mid teens" predicted previously.

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