Novo Nordisk A/S, the world’s biggest insulin maker, is seeing a rebound in sales of its Victoza diabetes treatment in the U.S. after a few months of flat growth, Chief Financial Officer Jesper Brandgaard said.
Sanofi and Regeneron Pharmaceuticals Inc.’s experimental treatment alirocumab lowered cholesterol three times more than Merck & Co.’s Zetia in the first late- stage study of a drug that may garner $3 billion sales annually.
Agenus Inc., a developer of treatments for cancer and infectious diseases, plummeted the most in four years after partner GlaxoSmithKline Plc’s MAGE-A3 vaccine failed to help skin-tumor patients in a trial.
Novartis AG won the backing of the European Union’s drug regulator for the Bexsero meningitis shot that Chief Executive Officer Joe Jimenez said was key to returning the company’s vaccines division to profitability.
Sanofi won U.S. backing to sell the multiple sclerosis pill Aubagio, enabling the drugmaker to enter a $12 billion industry, even as analysts said the medicine may be overshadowed by more effective products.