No­var­tis takes a $200M hit to write off a flop as ex­ecs spell out a cau­tious R&D strat­e­gy

With its top line locked in­to a hold­ing pat­tern as its sales teams strug­gle to ex­pand fran­chise rev­enue, No­var­tis has out­lined its near-term R&D strat­e­gy …

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