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Novartis shares plunge after trial misses primary goal

Novartis said an experimental neuromuscular medicine missed the primary goal in a late-stage clinical trial. Shares slid 10% shortly after the opening bell Tuesday.

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Novartis shares plunged after the Swiss drugmaker said an experimental neuromuscular medicine missed the primary goal in a late-stage clinical trial, the latest setback in its search for new growth drivers. Shares in Novartis slid 10% shortly after the opening bell Tuesday.