Like other drug companies, he maintained that net prices - what Novartis retains after paying rebates to pharmacy benefit managers - have been flat to declining.
Fox News Medical A Team's Dr. Marc Siegel on how pharmaceutical giant Pfizer agreed to postpone drug price hikes after President Trump attacked the company on Twitter.
The Swiss drugmaker said it had pulled back on price increases planned for this year and that the decision was taken last month before a political row engulfed pharmaceutical group Pfizer.
"We would expect to see, assuming continued momentum like we're seeing now, to be at the high end of that range", Narasimhan said on a conference call, adding that will come without price hikes as Novartis keeps the lid on its medicines' costs amid pressure from USA lawmakers and President Donald Trump.
"We thought that was prudent, given the dynamic environment we're now in", he said on the call, according to multiple reports.
Earlier this year, Novartis raised prices on roughly two dozen drugs by 8.9 percent to 9.9 percent, according to Elsevier's Gold Standard Drug Database.
Pfizer moved on July 1 to raise the prices on 41 drug products.
Trump holds Putin responsible for election meddling
CHANG: All right, to talk more about all of this we've got NPR's Scott Horsley on the line, who joins us from the White House. Many US lawmakers have expressed concern that Russian Federation may attempt to interfere in November's midterm elections.
Merck & Co. said Thursday it will cut USA list prices for several of its drugs including the hepatitis C treatment Zepatier, and the company pledged to limit future net price increases.
"We would expect to see, assuming continued momentum like we're seeing now, to be at the high end of that range", Narasimhan said, adding that this would come without price hikes as Novartis keeps the lid on medicine costs under pressure from USA lawmakers and Trump.
Novartis now predicts Sandoz sales for 2018 will fall in the low single digit percentages, after previously holding out hopes for them to remain steady.
Narasimhan is continuing a review of options for the USA generics business, but reiterated Novartis remains committed to the Sandoz unit, as a whole.
Second-quarter growth was helped by a 40 percent increase in Cosentyx sales to $701 billion, a development analysts labeled a relief after sales of the medicine missed expectations to start 2018. USA lawmakers accused the firm last week of misleading the public about the depth of its contacts with Michael Cohen. But he maintained that no outstanding USA government or congressional inquiries remained into the ties to Cohen.
"I view the Cohen issue as closed at this point", he said.
He also said he expected the launch of multiple sclerosis drug BAF312 in early 2019.
WhatsApp added in a blog post that these changes will help to keep the app as it was created to be - a private messaging app. Prakash Singh, a former senior police officer, said that " WhatsApp has become an addiction in India".
The 20-year-old was in destructive form in the Indian Premier League , hitting 684 runs from 14 matches at an average of 52.61. He averages 54.16 in 22 First-Class games with a triple century and India's fastest hundred at that level to his name.
With audience members at the Aspen Security Forum in Colorado laughing and Coates making gestures of disbelief, he added, "Okay". Trump has faced criticism from both Democrats and Republicans about his handling of the Helsinki summit with Putin on Monday.
President Donald Trump participates in a cabinet meeting at the White House in Washington, U.S., July 18, 2018. Bloomberg reported that about $500 billion worth of Chinese goods were imported into the USA a year ago .
It also said a shift to a criminal probe could help efforts by Trump lawyers to get a judge to delay the civil case. The Trump Foundation is reportedly under investigation in NY for possibly violating state tax laws.
Apparently, the man used to date Samantha Markle, who Olivia proceeded to call the 'really insane sister'. Munn was far from being "all compliments" when discussing the duchess' sibling, with ET Online .
So I came here Monday and worked really hard on my speed, which is always the hardest thing for us to get accustomed to here. It reminds him of Palmetto, the Alister Mackenzie design in his hometown of Aiken, S.C.
The Trump administration has also angered key allies by imposing tariffs of steel and aluminum imports earlier this year. But rate increases also make borrowing costlier for households and companies and can weaken the pace of growth.
Revenue from server products and cloud services was up 23% to $9.6 billion (analysts expected $9.09 billion). Intelligent Cloud revenues in 2018 were $32.2bn, a 15 per cent improvement from $27.4bn previous year .
According to sources, ace director Rajkumar Hirani is impressed with Ranbir Kapoor's acting in his latest blockbuster Sanju . As per reports, Hirani's latest favorite, Ranbir Kapoor , is all set to be a part of " Munna Bhai 3 ".
8 injured in German passenger bus attack
Authorities have not yet confirmed the suspect's motive, but prosecutors said they had not ruled out terrorism. Police spokesman Duerk Duerbrook said the attack occurred in the Kuecknitz district of Luebeck.
Taylor Swift to star in Tom Hooper's Cats movie
Swift, 28, has one significant screen credit to her name: she voiced the environmentalist Audrey in the 2012 animation The Lorax. That film was nominated for best picture at the Academy Awards and won a statuette for Anne Hathaway as best supporting actress.
Arjun, the other Tendulkar, makes international debut
Arjun, son of cricket great, Sachin Tendulkar dismissed Sri Lanka's Kamil Mishara after being hit for two boundaries. In this match, he had got a brisk start scoring 11 of 9 balls, before Arjun Tendulkar got rid of him.