ZURICH: Novartis' new heart failure drug was granted a speedier evaluation by the European health regulator, shortening the review by 60 days, the Swiss drugmaker said on Friday.
Basel-based Novartis in August reported data for LCZ696, which found the drug cut the risk of both cardiovascular death and admissions to hospital by a fifth.
Novartis said it expected to ask EU regulators early next year for approval to sell the drug, which it expected to be a "multi-blockbuster" with sales between $2 billion and $5 billion. It also expected to submit the drug to US health regulators by next month.
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