Lonza Group Ltd (OTCMKTS:LZAGY – Get Rating) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 2,500 shares, a drop of 80.0% from the February 28th total of 12,500 shares. Based on an average daily volume of 170,800 shares, the […]
Zacks Investment Research Downgrades Lonza Group (OTCMKTS:LZAGY) to Sell etfdailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etfdailynews.com Daily Mail and Mail on Sunday newspapers.
Aug 4, 2021
SoftBank Group Corp. has quietly built a ¥550 billion ($5 billion) stake in Roche Holding AG, placing a bet on the pharmaceutical company’s strategy of using data to develop drugs, according to people familiar with the matter.
The Japanese conglomerate is now one of Roche’s largest investors, according to data compiled by Bloomberg.
Roche’s sales have recently been boosted by its COVID-19 testing business. The company’s diagnostics unit reacted swiftly to the coronavirus pandemic, but the pharmaceuticals division, where aging cancer medicines face increasing competition, has had a more difficult time.
Shares of the Basel, Switzerland-based company have risen 8.8% in the last 12 months, compared with a 14.7% gain in the MSCI World Pharma Biotech & Life Sciences Index over the same period.