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Good morning, everyone. Damian here with news of a 2021-sized biotech round that has echoes of 2011, plus an ESMO recap and a curious stock move.
The need-to-know this morning
• Novartis reported third-quarter adjusted earnings of $1.74 per share, or 3% ahead of analyst consensus. Total sales were $11.78 billion, also higher than expectations.
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