Roche Boosted By COVID-19 Antibody Revenues As Pandemic Recovery Progresses

Ronapreve and Actemra for COVID-19 indications padded the top-line. Roche raised its financial outlook for the year to mid-single digit growth.

Roche building
Roche reported stabilizing pharma revenues in Q3 • Source: Alamy

Roche Holding AG's pharmaceutical division showed signs of stability in the third quarter, thanks to continued COVID-19 recovery and easing biosimilar impact from the loss of three big drugs. Steady third quarter results led Roche to increase its financial outlook for the year to mid-single digit sales growth from a prior forecast of low- to mid-single digit growth.

"The biosimilar impact in the US has peaked and is now declining," Roche Pharmaceuticals CEO Bill Anderson said during the...

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