logo
Plus   Neg
Share
Email

Roche 9-month Sales Up 10%; Raises FY19 Outlook - Quick Facts

Roche Holding AG (RHHBY) reported that Group sales increased 10 percent at constant exchange rates and 9 percent in Swiss francs, in the first nine months of 2019, due to new products. Pharmaceuticals Division sales were up 12 percent, driven by high demand for recently launched medicines, mainly Ocrevus, Hemlibra, Tecentriq and Perjeta. Diagnostics Division sales grow 4 percent, primarily due to its immunodiagnostic testing portfolio.

In the first nine months of 2019, Group sales rose 10 percent to 46.1 billion Swiss francs. Sales in the Pharmaceuticals Division increased 12 percent to 36.6 billion francs. Diagnostics Division sales increased 4 percent to 9.5 billion francs.

Based on the strong demand for new medicines and continued progress of product pipeline, Roche now expects sales to grow in the high-single digit range, at constant exchange rates, for 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration approved the first contact lens developed for slowing the progression of myopia or nearsightedness in children between the ages 8 and 12 years at the initiation of treatment. This could also help in ultimately reducing risk of developing other eye problems. The regulator granted approval for CooperVision Inc.'s MiSight contact lens. Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional jobs in the city. The e-commerce giant recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas and plans to expand its corporate workforce in the area to support its Human Resources division. Amazon also said it will donate $100,000 to two food bank partners. Consumer Reports has once again recommended Tesla's Model 3 and Model S sedans as reliable, after the vehicles were previous downgraded by the organization. Consumer Reports said that the two sedans regained its recommendation due to improved reliability reports from owners of the cars, based on the results of its annual Auto Reliability Survey that were announced Thursday.
Follow RTT
>