Key Insights on Gross Profit: Novartis AG vs Vertex Pharmaceuticals Incorporated

Novartis vs Vertex: A Decade of Gross Profit Insights

__timestampNovartis AGVertex Pharmaceuticals Incorporated
Wednesday, January 1, 201436289000000519428000
Thursday, January 1, 201532983000000906794000
Friday, January 1, 2016319160000001491717000
Sunday, January 1, 2017329600000002213533000
Monday, January 1, 2018347590000002638058000
Tuesday, January 1, 2019342520000003615063000
Wednesday, January 1, 2020347770000005469383000
Friday, January 1, 2021370100000006670200000
Saturday, January 1, 2022363420000007850400000
Sunday, January 1, 2023341880000008607000000
Monday, January 1, 2024388950000009489600000
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Infusing magic into the data realm

A Decade of Gross Profit: Novartis AG vs Vertex Pharmaceuticals

In the ever-evolving pharmaceutical industry, understanding financial performance is crucial. Over the past decade, Novartis AG and Vertex Pharmaceuticals Incorporated have showcased contrasting trajectories in gross profit. Novartis AG, a Swiss giant, maintained a robust average gross profit of approximately $34.5 billion annually, peaking in 2021. However, a slight decline was observed in 2023, marking a 7% drop from its 2021 high.

Conversely, Vertex Pharmaceuticals, a leader in cystic fibrosis treatments, demonstrated remarkable growth. Starting with a modest $519 million in 2014, Vertex's gross profit surged by over 1,500% to $8.6 billion in 2023. This growth underscores Vertex's strategic advancements and market expansion.

These insights highlight the dynamic nature of the pharmaceutical sector, where innovation and strategic positioning can lead to significant financial transformations.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025