Sandoz Shares Fall After Sales Outlook Is Lowered
Sandoz shares fell after the company lowered its sales outlook.
Story updates
08:18:16 AM UTC
SquawkNews
Swiss generic drugmaker Sandoz BX:D8Y on Wednesday lowered its full-year sales growth guidance and lifted its core earnings margin forecasts after short-term biosimilar-supply constraints weighed on third-quarter results, sending shares down over 5% in early trading.The company now expects net sale…