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Novartis posts 1 percent increase in 3Q net profit; says charges prevented better result

Novartis says 3Q profit up 1 pct, raises outlook

GENEVA — Drug maker Novartis AG posted Thursday a 1 percent increase in third-quarter net profit on strong sales of pharmaceuticals, such as its new Afinitor drug against kidney cancer, and raised its full-year outlook after the approval of its swine flu vaccines.

Novartis to pay up to $485M for rights to US firm’s antibiotic for drug-resistant bacteria

Novartis buys rights to next-generation antibiotic

BASEL, Switzerland — Novartis AG said Thursday it has bought worldwide rights to a new antibiotic drug developed by U.S. company Paratek Pharmaceuticals to treat drug-resistant bacteria such as MRSA.

Scientists say mosquito capable of spreading West Nile virus found in Switzerland

West Nile virus mosquito found in Switzerland

ZURICH — A mosquito capable of spreading the deadly West Nile virus to humans has been detected in central Europe for the first time, Swiss scientists said Friday.