Roche's quarterly sales declined 6% as a slump in COVID-19 treatments and diagnostic testing more than offset gains from haemophilia treatment Hemlibra and multiple sclerosis drug Ocrevus.
The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photoquarterly sales declined 6% as a slump in COVID-19 treatments and diagnostic testing more than offset gains from haemophilia treatment Hemlibra and multiple sclerosis drug Ocrevus.
Third-quarter revenues slipped to 14.74 billion Swiss francs , below market expectations of about 15.5 billion francs "The third quarter of 2022 was particularly challenging due to base effects, as the demand for COVID-19 medicines and tests was exceptionally high in the same quarter of 2021," the Swiss company said.Its bestseller Ocrevus gained 16% in sales to 1.52 billion francs during the quarter, while Hemlibra jumped 23% to 952 million francs, both excluding the effect of currency swings.
The company reaffirmed its guidance for full-year revenues to be flat or grow by a "low-single digit" percentage, when excluding foreign exchange effects. It also reiterated that the percentage gain in core earnings per share would be in the "low- to mid-single digit" range.Reporting by Ludwig Burger, Editing by Miranda Murray
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