Roche Holding AG will push for a more productive pipeline of new medicines as a new management team seeks to learn the lessons from recent research setbacks.
The company will try to move fast on high-risk, high-reward projects, Chief Executive Officer Thomas Schinecker said at a meeting with analysts and investors in London. Roche will also seek deals, he said, looking at potential targets that are already in human trials, typically a pricier class of assets.
The new CEO, who took over in March, is facing the loss of billions of dollars of revenue from Covid-19 tests and treatments even as sales from a trio of cancer medicines that long powered growth continue to erode. At the same time, Roche has had an unusual number of clinical-trial stumbles, including high-profile projects in cancer and Alzheimer’s disease.
As it sought new avenues of growth, Roche embarked on too many large late-stage trials — known in the industry as phase 3 tests — without having some run smaller studies to further probe the medicines, the CEO said. In particular in immune oncology, “there was a push to go directly into phase 3 in order to catch up,” he said.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Roche open to big acquisitions 'if it makes scientific and financial sense'ZURICH (Reuters) - Roche is open to making big acquisitions if they make
Lire la suite »
Roche open to big acquisitions 'if it makes scientific and financial sense'ZURICH (Reuters) - Roche is open to making big acquisitions if they make
Lire la suite »
Richmond seeks $1.4 million for repair bill after truck hits Cambie overpassThe City of Richmond is negotiating with ICBC to pay for the repairs.
Lire la suite »
Richmond seeks $1.4 million for repair bill after truck hits Cambie overpassThe City of Richmond is negotiating with ICBC to pay for the repairs.
Lire la suite »
Biden Visits Vietnam as US Seeks to Cement Ties, Counter ChinaPresident Joe Biden is heading to Vietnam as the US seeks to make deeper inroads in the region, aiming to offer nations an alternative superpower to China.
Lire la suite »
Pricing in focus as Zara owner Inditex seeks to maintain its edge over rivalsZara owner Inditex, which was among the first fashion retailers to raise prices in response to surging inflation, is in a strong financial position as weakening demand for clothing puts pressure on the sector to lower prices, analysts say. Inditex shares have risen around 64% over the past 12 months as the world's biggest clothing retailer successfully passed cost increases on to shoppers and reported record profit margins. But after several U.S. retailers including Macy's and Foot Locker warned of weak consumer spending, fears of an economic slowdown have come back into focus.
Lire la suite »