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Roche s Controlling Family Rules Out Mega-Merger for Drugmaker
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Building a biotech hub: Switzerland focuses on mRNA, CGT and more
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SoftBank buys $5bn stake in Roche
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Roche reports strong diagnostics sales in Q1 as demand for COVID-19 tests continues
Company continues to report a significant impact of biosimilar competition on established brands
Roche has reported its first quarter results for 2021, with its diagnostics business continuing to grow as the company’s pharmaceuticals division struggles to combat biosimilar competition.
Overall, group sales were up by 3% at constant exchange rates (CER), with a 1% decline reported in Swiss francs as a result of the increasing value of the currency.
The company’s pharma division, in particular, took a hit, with a significant impact from biosimilars causing an overall 9% decline in sales to CHF 10.6bn.