Roche Backs Guidance After Sales Fall

Roche Holding confirmed its 2023 guidance after a fall in sales for the first nine months, with growth in its pharmaceutical division overshadowed by a sharp drop in diagnostics sales due to weaker Covid-19-related demand.

The Swiss pharma giant said Thursday that sales for the first nine months of the year amounted to 44.05 billion Swiss francs ($49 billion), down 6% on year. Sales at the company’s pharma division rose 1%, and diagnostics sales fell 25%.

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