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- Sunday, March 3, 3:47 AM The Swiss are voting in a referendum today on an "anti-fat cat" initiative that would allow investors to hold binding votes on executive pay at listed companies and allow them to block large payouts at the start or end of a manager's employment. The measure is expected to pass. Companies that will be affected include Novartis (NVS), Nestle, UBS, Credit Suisse (CS), ABB, Roche, Transocean (RIG) and Weatherford (WFT). 13 Comments [Financials, Healthcare, Consumer, Top Stories]
- Sunday, February 17, 5:32 AM AbbVie (ABBV) and Roche (RHHBY.OB) have halted five studies of their ABT-199 drug for leukemia and lymphoma after two patients died of tumor lysis syndrome, when the rapid destruction of malignant cells causes acute kidney failure. The firms are working to refine the dose to overcome the problem and hopes to start Phase III testing of ABT-199 this year, as planned. 2 Comments [Healthcare]
- Wednesday, October 24, 2012, 5:02 AM The European Medicines Agency yesterday said it's launching an infringement procedure against Roche (RHHBY.OB) for not properly looking into 80,000 reports of issues received from U.S. patients and doctors relating to 19 of the company's drugs, including best-sellers Herceptin and Avastin. If found guilty of wrongdoing, Roche could face a fine of up to 5% of its annual revenues. Comment! [Healthcare]
- Tuesday, October 16, 2012, 3:09 AM Roche Holdings (RHHBF.PK): Q3 revenues +15% to 11.27B francs ($12.07B) vs consensus of 11.12B francs. Doesn't provide profit figures. Sales boosted by a weaker franc and growth in cancer medicines, although eye drug Lucentis declined due to competition. Reiterates FY outlook: sales growth in low-to-mid single digits, core earnings in high single-digits. Roche still wants to expand in gene sequencing despite failure of Illumina bid and is looking at deals. (PR) Comment! [Earnings, Healthcare]
- Wednesday, September 19, 2012, 4:23 AM Illumina (ILMN) CEO Jay Flatley tells Bloomberg that while the fiscal cliff will affect a third of the gene-sequencing company's customers, "it's going to probably be pretty short-lived." Flatley also says that Roche going public in January with its $6.7B offer for Illumina stopped the board from properly discussing the offer and possibly put paid to the deal. 2 Comments [Healthcare]
- Monday, August 27, 2012, 8:26 AM Roche's (RHHBY.OB) breast cancer drug T-DM1 "significantly" extended the lives of patients in a Phase III trial, a precondition for European regulators approving the treatment. Roche is developing T-DM1 with technology it has licensed from ImmunoGen (IMGN), which is rocketing 17.05% premarket. An analyst estimates that peak sales of T-DM1 could reach 1.6B Swiss francs ($1.67B). (PR) Comment! [Healthcare, On the Move]
- Wednesday, July 25, 2012, 10:35 AM More on Regeneron (REGN) Q2: swings to net profit of $76.7M from loss of $62.5M last year, boosted by sales of its Eylea eye treatment, which surged 57% Q/Q to $194M. Increases FY Eylea sales forecast for the 3rd time, now expecting $700M-$750M vs. $500M-$550M previously. Eylea taking market share from Roche's Lucentis and off-label Avastin. Shares +3.85%. Comment! [Earnings, On the Move, Healthcare]
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