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EAST HANOVER, N.J. - Novartis, a global leader in innovative medicines with a market capitalization of $217 billion and an impressive "GREAT" financial health rating according to InvestingPro, has entered into a landmark partnership with the National Football League (NFL), becoming the league’s first official pharmaceutical sponsor. The collaboration is set to leverage the NFL’s extensive reach to promote health awareness and early disease detection among fans, with an initial focus on cancer.
The alliance will support the NFL’s Crucial Catch campaign, in partnership with the American Cancer Society, which emphasizes cancer awareness and screenings, especially in underserved communities. According to the American Cancer Society, early detection can significantly improve the 5-year survival rate for many cancers. With annual revenue of $51.7 billion and strong revenue growth of 10.85%, Novartis brings substantial resources to this initiative.
Victor Bultó, President US of Novartis, emphasized the joint ambition of the partnership to educate and mobilize communities for early detection of diseases. Dr. Allen Sills, Chief Medical Officer at the NFL, highlighted Novartis’ expertise in innovative medicines as a valuable asset to the league’s health initiatives.
Novartis will also be the presenting partner for the NFL’s Health and Safety Summit and will engage in various league events, including the Pro Football Hall of Fame Game and the NFL Draft. The company is known for its commitment to patient-centered research and has approximately 35 research and development projects in oncology.
The NFL, America’s most popular sports league, and Novartis both aim to make a lasting health impact through this partnership. Tracie Rodburg, Senior Vice President of Sponsorship at the NFL, expressed enthusiasm for Novartis joining the league’s health and wellness efforts.
This press release statement outlines the strategic health partnership between Novartis and the NFL, aiming to make a difference in the lives of fans by promoting proactive health management and supporting cancer awareness initiatives. InvestingPro analysis suggests Novartis is currently trading below its Fair Value, with a robust gross profit margin of 75.22%. Discover more insights and 12+ additional ProTips about Novartis’s growth potential with an InvestingPro subscription.
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