roche_dark_0

Roche reports 5% rise in Q1 sales boosted by cancer drugs

pharmafile | April 19, 2016 | News story | Manufacturing and Production, Sales and Marketing Q1, Roche, earnings, oncology drugs, results 

Oncology drug maker Roche (VTX: ROG) on Tuesday reported 5% increase in first-quarter sales driven by cancer drugs.

The company reported sales for the three months to March 31 rose 5% to 12.41 billion Swiss francs ($12.88 billion) against 11.83 billion francs a year ago. At constant exchange rates, sales rose 4%.

Sales in the pharmaceuticals unit rose to 9.8 billion francs from 9.32 billion francs a year earlier, the company said. Revenue from the diagnostics unit grew to 2.61 billion francs, from 2.51 billion francs a year ago. Roche doesn’t report earnings at the quarterly stage of the year.

Advertisement

Roche chief executive Severin Schwan said: “We have started the year with solid growth in both our Pharmaceuticals and Diagnostics Divisions. The marketing applications of important investigational medicines are well underway. The FDA granted priority review for atezolizumab in two indications and breakthrough therapy designation for ocrelizumab in primary progressive multiple sclerosis. Overall, we are on track to meet our full-year targets for 2016.”

Basel, Switzerland-based company said for 2016 it sees sales to grow low- to mid-single digit at constant exchange rates. Core earnings per share are targeted to grow ahead of sales at constant exchange rates. Roche said it expects to further increase its dividend in Swiss francs.

Anjali Shukla

Related Content

alzheimers_brain

Roche receives CE Mark for blood test to help rule out Alzheimer’s

Roche has been granted CE Mark approval for its Elecsys pTau181 test, the first in …

blood_test

Roche candidate shows early promise for treating haemophilia A

Roche has announced encouraging early results from its phase 1/2 trial of NXT007, an investigational …

Roche advances treatment for Parkinson’s disease

Swiss biopharma, Roche, has announced its decision to proceed with phase 3 trials of prasinezumab, …

The Gateway to Local Adoption Series

Latest content