Pharmaceutical Business review

Roche Q1 Sales Up 6%

Roche pharmaceuticals division’s sales increased 6% to CHF9.7bn from CHF9.2bn for the prior year period. Diagnostics division’s sales were CHF2.5bn, an increase of 7%, compared to CHF2.3bn for the year ago period.

Roche expects sales in 2010 for the pharmaceuticals Ddivision and for the group to increase in the mid-single-digit range in local currencies. In the diagnostics division, full-year sales are expected to grow significantly ahead of the market. In addition, by the end of the year Roche expects to have repaid a quarter of the debt raised to finance the Genentech transaction.

Severin Schwan, CEO of Roche, said: “With sales advancing 9%, Roche is off to a very good start in 2010. Both divisions continued to outgrow their respective markets. We are thus fully on track for 2010.

“I am very pleased that, after discussions with the FDA, we are now planning to submit a US marketing application for our innovative breast cancer treatment T–DM1 this year, based on strong Phase II data in women who have not responded to prior treatments.”