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Novartis Lowers Price for Lucentis Drug By 30 Percent, AWP Says

By Corinne Gretler - 2011-10-05T16:19:33Z

Novartis AG (NOVN) will lower the price of its Lucentis drug by 30 percent following pressure from Swiss authorities, Swiss news agency AWP said, citing Le Matin newspaper.

The reduction will also affect prices outside Switzerland as they are derived from prices in the country, AWP said, citing Novartis’s press office.

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Leigh Baldwin at lbaldwin3@bloomberg.net

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