Roche’s Schwan says new drugs will replace lost sales – NZZ am Sonntag

Roche Chief Executive Severin Schwan said new drugs the pharma company is developing will replace the roughly 10 billion Swiss francs ($9.97 billion) lost from old cancer drugs, the executive told Swiss newspaper NZZ am Sonntag.

Roche’s three best-selling drugs – all for cancer – had combined sales of $21 billion last year, accounting for 40 percent of the companys overall sales.

But the drugs – Rituxan, Herceptin and Avastin – now face a steep decline due to cheap near-copies, known as biosimilars, made by rivals including Switzerland’s Novartis and South Korea’s Celltrion

“We have five, six cancer products potentially worth billions (of Swiss francs),” Schwan said in the interview published on Sunday.

“In addition to multiple sclerosis, there are also new drugs for haemophilia or nerve diseases. In sum, they will replace the lost sales.” Further company coverage.

  • Related Posts

    • Pharma
    • December 21, 2024
    • 132 views
    Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

    Bengaluru: The Karnataka government has initiated prosecution against Paschim Banga Pharmaceuticals after five women died following C-section deliveries in Ballari district, where they were administered the company’s IV fluid. Health Minister…

    • Pharma
    • December 21, 2024
    • 196 views
    NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

    New Delhi:  The National Pharmaceutical Pricing Authority (NPPA) has notified ceiling price fixation of 13 scheduled formulations, retail price fixation of 65 new drugs against applications from individual companies, and…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

    Karnataka Govt Files Criminal Cases Against Pharma Firm In Ballari Maternal Deaths Case

    NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

    NPPA Notifies Ceiling Price Of 13 Formulations, Retail Price Of 65 New Drugs

    Over 14,000 PMBJK Centres Set Up To Provide Generic Medicines: Govt

    Over 14,000 PMBJK Centres Set Up To Provide Generic Medicines: Govt

    Telangana DCA Cracks Down On Illegal Drug Practices

    Telangana DCA Cracks Down On Illegal Drug Practices

    Pune: Two Arrested For Selling Illegal Steroid Injections In Gyms

    Pune: Two Arrested For Selling Illegal Steroid Injections In Gyms

    Serum To Make Chikungunya Vaccine In India

    Serum To Make Chikungunya Vaccine In India