Roche lifts 2021 outlook as Delta variant spurs COVID-19 test demand By Reuters

© Reuters. FILE PHOTO: A emblem of Swiss pharmaceutical firm Roche in Rotkreuz, Switzerland, April 12, 2012. REUTERS/Michael Buholzer

(Reuters) -Swiss drugmaker Roche raised its 2021 gross sales forecast after posting an 8% rise in nine-month revenues, powered by demand for COVID-19 assessments and power within the general enterprise as a consequence of newly launched diagnostics platforms and medicines.

Group gross sales within the 9 months to September rose to 46.68 billion Swiss francs ($50.54 billion) from 43.98 billion Swiss francs a yr earlier, the Basel firm mentioned on Wednesday, as diagnostics division gross sales jumped 39%.

“The demand for coronavirus assessments remained excessive within the third quarter because of the Delta variant,” Chief Govt Severin Schwan mentioned, including that there have additionally been indicators of restoration within the prescription drugs unit for the reason that summer season.

Roche, which had flagged a slowdown in demand for the COVID-19 assessments within the second half of the yr, now expects gross sales to develop within the mid-single digit vary at fixed change charges. It beforehand anticipated an increase within the low to mid-single digit share vary.

A plethora of latest launches, presumably together with an Alzheimer’s remedy if authorised by U.S. authorities, are anticipated to bolster future gross sales at Roche because it faces growing competitors for older medication.

Pivotal trials for the Alzheimer’s drug gantenerumab are anticipated to be accomplished within the second half subsequent yr, the corporate mentioned on Wednesday.

($1 = 0.9237 Swiss francs)

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