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Novartis raises sales forecast

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Novartis raises sales forecast

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Encouraging news from drugmaker Novartis which has raised its forecast for sales this year, betting on income from cancer and heart medicines. The Swiss company said second-quarter net profit was down but met its expectations.

Novartis’ forecast was for higher sales at its core pharmaceuticals division in terms of local currencies, but it warned that the stronger dollar could eat into profits this year.