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Novartis AG Files Patent Application for Novel Eukaryotic Cells and Methods for Recombinantly Expressing a Product of Interest

US Patent Issued to Novartis on April 23 for "Methods of treating HIV-HAART induced partial lipodystrophy with FGF21 protein variant FC fusion proteins" (Massachusetts Inventors)

Novartis is actively managing its relationships with Chinese contractors in light of the potential passage of the BIOSECURE Act in the US; the law aims to prevent US taxpayer dollars from going to 'foreign adversary biotech companies'

Novartis names former Bristol Myers Squibb CEO Giovanni Caforio as board chairman starting next year; Caforio will replace Joerg Reinhardt, who plans to retire in 2025

Novartis reports Q1 profit of US$2.69B, Q1 revenue of US$11.83B; both results topped Wall Street expecations

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