Novartis reports 3% decrease in Alcon net sales in first quarter
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Novartis reported Alcon net sales of $2.56 billion in the first quarter of 2015, a 3% decrease from $2.64 billion in the first quarter of 2014, according to a press release.
The Surgical franchise was driven by sales of the Centurion phacoemulsification cataract platform and disposables and continued growth of U.S. LenSx femtosecond cataract procedures, the release said.
IOL sales were flat, and Ophthalmic Pharmaceuticals sales were led by double-digit growth of Systane and fixed-dose glaucoma combination products.
Alcon operating income decreased 7% to $353 million in the first quarter from $380 million a year ago.
Novartis net sales decreased 7%. The company reported net sales of $11.9 billion in the first quarter of 2015 compared with $12.8 billion in the first quarter of 2014. Operating income decreased 1% to $2.79 billion from $2.82 billion.