Roche Q1 sales up 7% on drugs Phesgo, Vabysmo

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The logo of Swiss drugmaker Roche is seen at its headquarters in Basel, Switzerland January 30, 2020. REUTERS

           Companies

  • Roche Holding AG
FRANKFURT, April 24 (Reuters) – Swiss drugmaker Roche (ROG.S), said on Thursday its first-quarter sales rose a forecast-beating 7% driven by breast cancer drug Phesgo, eye drug Vabysmo and allergy treatment Xolair.
Quarterly group revenues came in at 15.44 billion Swiss francs ($18.64 billion), slightly above average market expectations of about 15.4 billion cited by analysts.
Roche said it was still targeting an increase in full-year adjusted earnings per share at a high single-digit percentage.

Reporting by Ludwig Burger, Editing by Rachel More

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