Roche Q3 gross sales fall as COVID merchandise droop; confirms FY22 outlook

Roche’s (OTCQX:RHHBY) (OTCQX:RHHBF) Q3 gross sales declined 6% because of decrease COVID-19-related gross sales however the firm confirmed the outlook for the complete 12 months.

Q3 gross sales declined to CHF14.74B, in comparison with CHF15.97B in Q3 2021.

The Swiss pharma large stated Q3 significantly difficult because of base results, because the demand for COVID-19 medicines and assessments was exceptionally excessive in Q3 2021.

For the 9 months, Group gross sales elevated 2% (at fixed trade charges, or CER) to ~CHF47.04B.

“Group gross sales grew 2% regardless of the anticipated sharp decline in COVID-19-related merchandise in each divisions within the third quarter. The demand for our newer medicines for a number of sclerosis, hemophilia, spinal muscular atrophy and most cancers stays excessive,” stated Roche CEO Severin Schwan.

Gross sales from the prescribed drugs division had been flat at CHF33.19B.

Q3 gross sales of Haemophilia A remedy Hemlibra grew +23% Y/Y to CHF952M; income from a number of sclerosis drug Ocrevus elevated +16% to CHF1.52B. Gross sales of most cancers drug Tecentriq elevated +9% to ~CHF934M. Spinal muscular atrophy remedy Evrysdi grew+93% to CHF293M.

Eye drugs Vabysmo, which was launched in the beginning of the 12 months, generated CHF282M, YTD within the the 9 months.

Roche stated that for 9M, gross sales development was offset by the biosimilars-related decline in gross sales, particularly for the most cancers medicines Avastin, MabThera/Rituxan and Herceptin.

The corporate added that gross sales of Actemra/RoActemra and Ronapreve (COVID-19) had been additionally considerably decrease than in the identical interval of 2021, with a decline of roughly CHF1B, because the pandemic continued to weaken in lots of nations in 2022.

Q3 worldwide gross sales of Avastin declined -28% to CHF510M; whereas MabThera/Rituxan income declined -19% Y/Y to CHF479M. Ronapreve gross sales fell -92% Y/Y to to CHF22M.

Gross sales from the Diagnostics Division in Q3 declined -4% Y/Y to CHF3.9B.

Outlook:

Roche stated it confirmed its outlook for the 12 months 2022.

The corporate expects steady gross sales or gross sales development within the low-single-digit vary (at CER). Core EPS are focused to develop within the low- to mid-single-digit vary (at CER).

Roche famous that it expects to extend its dividend in Swiss francs additional.