Novartis falls despite upbeat Q3, analysts cite individual drugs' performance
Recasts with negative share reaction and analyst comments
** Shares in Swiss pharmaceutical group Novartis NOVN.S fall 3.4% after being indicated to rise in premarket trade, following a Q3 beat and outlook hike
** Vontobel analyst Stefan Schneider points to impairment charges for newly-acquired Morphosys MORG.S and a miss in U.S. sales for heart medication Entresto as possible reasons for the decline
** Barclays notes sales of radiopharmaceutical drug Pluvicto were 3% above company consensus, but would have missed it by 7% without a one-time EU revenue true-up
** Schneider says some investors might be selling on the good news, while limited news flow going forward may have also prompted some to sell
** Barclays adds it expects negative pipeline updates and the release of generic versions of three drugs in mid-2025 to be part of the focus during the analyst call at 1300 GMT
Reporting by Bernadette Hogg
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