Swiss drugmaker Roche stuck to its full-year outlook even as second-quarter sales tumbled nearly 10%, hurt by a rising Swiss franc and patients who shied away from hospital visits as the COVID-19 pandemic disrupted healthcare worldwide.
FILE PHOTO: The headquarters of Swiss drugmaker Roche are seen in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann
Sales for 2020 were still seen growing in the low- to mid-single-digit percentage range at constant exchange rates, Roche said on Thursday, with core earnings per share growing broadly in line with sales. Roche also expects to hike its dividend. For Roche, multiple sclerosis drug Ocrevus, haemophilia treatment Hemlibra, eye drug Lucentis and blood cancer treatment Rituxan took a beating, as “the corona pandemic continues to pose an enormous challenge worldwide,” Chief Executive Severin Schwan said in a statement.
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