Roche 9-month pharma sales strong, but demand for COVID-19 products down
Swiss pharma giant Roche (ROG: SIX) saw its shares fall more than 5% to 254.60 francs this morning, after it posted a cautious forecast for full-year 2023.
The warning came along with the release of nine-month financials showing that group sales grew by 1% at constant exchange rates (CER) in the first nine months to 44,053 million francs ($15.9 billion), and seeing strong increase of 7% in the third quarter.
Pharmaceutical Division sales increased 9% to 33,622 million francs.
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