Roche Holdings AG, a pharmaceutical giant, has outlined a new strategy to accelerate drug development, focusing on five priority areas: neurology, oncology and hematology, immunology, ophthalmology, and cardiovascular, renal, and metabolism diseases. The company is prioritizing select assets with ‘exceptional potential’ and plans to fast-track clinical trials and expand into new indications. Roche also highlighted its ambitions in the obesity space, expecting its obesity drug candidates to generate over 3 billion Swiss francs in annual sales.
Results for: Roche
Swiss pharmaceutical giant Roche reported a modest 2% increase in first-quarter sales, driven by demand for its newer medicines and diagnostics. However, excluding COVID-19 products, sales rose 7%. Despite reporting a 6% decline in local currency sales due to the strong Swiss franc, Roche CEO Thomas Schinecker remains optimistic about the company’s 2024 outlook. The company confirms its mid-single-digit growth forecast for the year.