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Coronavirus US: The fall surge has added nearly half a million cases in a week A New Website Tracks Broken McFlurry Machines, Because Weve All Been Heartbroken Before Novartis Lifts 2020 Forecast as Drugmaker Counters Covid Impact

(Bloomberg) -- Novartis AG’s outlook for the year has improved as the Swiss drugmaker’s new products, including a gene therapy that sells for $2.

1 million, help counter disruption from Covid-19.

© Bloomberg A logo a building at the Novartis AG campus in Basel, Switzerland.

Earnings excluding some items will likely increase by a low double-digit to mid-teens percentage in 2020, the Basel-based drugmaker said on Tuesday. Novartis’s prior forecast was for a low-double-digit percentage rise.

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A heart drug, psoriasis treatment and gene therapy called Zolgensma that was approved in the U.S. last year are helping Novartis grapple with changing patterns in hospital admissions that have delayed care for cancer and other conditions. Competitors Pfizer Inc., Eli Lilly & Co. and Merck & Co. are all due to follow with their results later on Tuesday.

“We’re on track to finish the year strongly,” Chief Executive Officer Vas Narasimhan told reporters on a call.

The company said Covid-19 continues to hamper demand for skin and eye treatments, along with some Sandoz drugs, and Narasimhan said the company would need to adapt if there are further severe lockdowns.

Shares of Novartis were little changed in early Zurich trading.

Doctor visits for most types of therapies returned to pre-Covid levels by September, he said. Disruptions in health-care visits began to emerge again in the first two weeks of October, he said.

“I expect there to be volatility on this front,” he said. “That said, I think health-care systems are getting much better at managing the pandemic and ensuring patients are getting the care they need for all the other medical conditions that are critically important to treat even in the face of this pandemic.”

Novartis is benefiting from gains for products such as Zolgensma. Geographic expansion outside the U.S. and increased newborn screening are buoying the gene therapy, and total sales are still expected to grow by a mid-single-digit percentage for the year.

Legal costs, including a fine by French regulators last month for restricting competition in eye treatments, weighed on the results. Novartis also agreed earlier this year to pay $678 million to resolve a whistle-blower case in the U.S., in which the drugmaker was accused of paying kickbacks to doctors.

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AccuWeather forecast: Calmer and colder nights, sunny and seasonal days this weekend

Breezes continue to back down this morning. Dry and cooler air definitely bring a difference to our morning. Under a clear sky temperatures dip into the lower 30s Inland to middle 40s in San Francisco.



VIDEO: ABC7 News Weather Anchor Spencer Christian has your AccuWeather forecast

Enjoy sunshine and calmer conditions this afternoon. Highs reach the upper 50s along the Coast with lower to middle 60s for the Bay and Inland.

Be prepared for even colder conditions tonight. Protect what you can from the cold and potential frost. Lows range from near 30 degrees Inland to middle 40s for San Francisco.

Weekend and Beyond:
Clear sky, calm conditions and dry air keep us cold at night with frosty areas through Sunday morning. Sunshine and light breezes bring us back into the upper 50s along the Coast to lower and middle 60s for Bay and Inland areas during afternoon hours.

Low temperatures moderate starting Monday with highs nearly the same all week. Sadly, no sign of rain coming.

Highs Today:
Concord: 63/35
Fremont: 61/36
Oakland: 64/41
Redwood City: 64/37
San Francisco: 64/46
San Jose: 64/37
San Rafael: 64/39
Santa Rosa: 66/30

Coast:
TODAY: Sunny & Calmer
Highs: 58 - 60 Degrees
TONIGHT: Clear & Cooler
Lows: 38 - 43 Degrees

North Bay:
TODAY: Sunny & Calmer
Highs: 61 - 66 Degrees
TONIGHT: Clear & Cooler
Lows: 29 - 34 Degrees

East Bay:
TODAY: Sunny & Calmer
Highs: 61 - 64 Degrees
TONIGHT: Clear & Cooler
Lows: 36 - 41 Degrees

Inland East Bay:
TODAY: Sunny & Calmer
Highs: 61 - 64 Degrees
TONIGHT: Clear & Cooler
Lows: 32 - 37 Degrees

Peninsula:
TODAY: Sunny & Calmer
Highs: 61 - 64 Degrees
TONIGHT: Clear & Cooler
Lows: 34 - 41 Degrees

South Bay:
TODAY: Sunny & Calmer
Highs: 62 - 66 Degrees
TONIGHT: Clear & Cooler
Lows: 32 - 37 Degrees

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