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2025-07-17 17:08
- Novartis (NYSE:NVS) announced the launch of a new share buyback program of up to $10 billion, reflecting increased confidence in its financial strength and growth prospects.
- The buyback is scheduled to be completed by the end of 2027
- The announcement came alongside a Q2 bottom-line beat, and the drugmaker confirmed that it now expects core operating income to increase by a low-teens percentage, compared with the low double-digits cited previously.
- "Our robust balance sheet and confidence in our mid- and long-term growth enable us to initiate an up-to $10 billion share buyback as part of our commitment to balanced capital allocation," said Chief Executive Vas Narasimhan.
- The decision was underpinned by robust financial performance during the recent quarter, including strong growth from key drugs such as Kisqali for breast cancer.
More on Novartis
- Why Novartis Is Still A 'Buy' After 15% Surge
- Novartis: A SWAN Worth Owning
- Novartis: 2025 Guidance Raised To Top End Of Prior Range - Buy Confirmed
- Novartis Non-GAAP EPS of $2.42 beats by $0.05, revenue of $14.05B in-line; updates FY outllook
- Novartis Q2 2025 Earnings Preview
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