Novartis AG is experiencing a "sharp deceleration" in growth projected by mid-2025, according to UBS. The company's sales are primarily driven by oncology (29.3%), immunology (18.5%), and cardiovascular, renal, and metabolic diseases (17%), with contract manufacturing accounting for 25.8%. Geographically, sales are distributed as follows: USA (42%), Europe (30.9%), Asia-Africa-Australasia (20%), and Canada and Latin America (7.1%).