Economics
Novartis Rises Most in Three Years on Heart-Drug Trial
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Novartis AG gained the most in almost three years after a study showed that an experimental heart failure drug kept more patients from dying or being hospitalized than the standard therapy, a result that may transform treatment of the disease that afflicts 26 million people worldwide.
Novartis rose 4.3 percent to close at a record 85.90 Swiss francs in Zurich, extending the stock’s increase this year to 21 percent. The gain was the biggest since Sept. 6, 2011.