Novartis says may divest generic drugs unit Sandoz

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Operating profit, adjusted for special items, rose 10% to $4.47 billion, driven by higher sales of arthritis and psoriasis drug Cosentyx and heart failure treatment Entresto.

In a statement on Tuesday, Novartis said it increased its peak sales guidance for Cosentyx to at least $7 billion and for Entresto to at least $5.0 billion.