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Dow Jones Newswires: Novartis posts lower sales and profit on generic competition, but boosts 2022 dividend

By Cecilia Butini

Novartis AG on Wednesday posted lower sales and profit as it took a hit from generic medicines competition and higher restructuring costs, but increased its dividend for 2022.

The Swiss pharma major posted net profit of $1.47 billion, down from $16.31 billion the year prior, when it benefited from the sale of its investment…

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