Financial News

Financial Report: Roche 1H Results

Diagnostics Division sales grew 49% due to high demand for COVID-19 tests and strong momentum in routine testing.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Roche 1H Revenue: 30.7 billion CHF (+5%) Net Earnings: 8.2 billion CHF (-3%) Comments: Pharmaceutical Division sales were 21.7 billion CHF down 3. While sales in the first quarter were still strongly affected by COVID-19 (-9%), the second quarter showed signs of recovery in some regions (+4%). The ongoing impact from biosimilars, particularly in the U.S., resulted in a sales decrease of CHF 2.8 billion, however newly launched medicines (+30%) helped offset continued impact from biosimilars. I...

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