Novartis Raises Peak Sales Targets for Key Cancer Drugs

The Novartis campus in Basel, Switzerland.Photographer: Stefan Wermuth/Bloomberg

Novartis AG boosted its sales targets for two key cancer drugs, underscoring confidence in its oncology pipeline.

The Swiss drugmaker raised its peak sales guidance for breast cancer drug Kisqali to at least $10 billion from $8 billion, it saidBloomberg Terminal Thursday. It lifted its forecast for leukemia therapy Scemblix to at least $4 billion from $3 billion.