BRIEF-Roche Q4 China Sales Fell Amid Inventory Cuts, Sees 2020 Double-Digit Growth [Reuters]
ROCHE HOLDING LTD S/ADR (RHHBY)
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Source: Reuters
BRIEF-Roche Q4 China Sales Fell Amid Inventory Cuts, Sees 2020 Double-Digit Growth Jan 30 (Reuters) - Roche Holding AG: * ROCHE CEO SAYS IMPACT OF BIOSIMILARS ON HERCEPTIN, RITUXAN IS “WASHING OUT” IN EUROPE, WHERE ROCHE IS RETURNING TO GROWTH, SEES AVASTIN BIOSIMILARS HIT STARTING LATER THIS YEAR * ROCHE CEO SAYS CHINA DECLINED IN THE FOURTH QUARTER, AS THE COMPANY REDUCED INVENTORY LEVELS IN DISTRIBUTION CHAIN IN PHARMA, DIAGNOSTICS, SAYS UNDERLYING DEMAND REMAINS STRONG AND EXPECTS CONTINUED DOUBLE DIGIT GROWTH IN 2020 * ROCHE CEO SAYS CHINA DECLINED IN THE Q4, AS THE COMPANY REDUCED INVENTORY LEVELS IN DISTRIBUTION CHAIN IN PHARMA, DIAGNOSTICS, SAYS UNDERLYING DEMAND REMAINS STRONG AND EXPECTS CONTINUED DOUBLE-DIGIT GROWTH IN 2020 * ROCHE CEO SAYS EXPECTS TO GET SIGNIFICANT SHARE OF SPINAL MUSCULAR ATROPHY MARKET WITH RISDIPLAM, ITS ORAL MEDICINE WITH A MAY 24 FDA DECISION DATE * ROCHE CEO SAYS CORONOVIRUS AFFECTS ROCHE, EMPLOYEES LIKE ANY OTHER COMPANY OPERATING IN CHINA, SAYS HA
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