Roche 2015 Sales Strong, EPS Weaker, Guidance Unchanged
This article was originally published in Scrip
Executive Summary
Roche Holding AG on Jan. 28 unveiled fourth-quarter sales and earnings which were slightly ahead of analyst projections and signalled that it has entered 2016 in a strong position, but the Swiss group's shares nonetheless fell the most in five months amid news its earnings per share for the second half of 2015 were below market expectations, due mainly to a higher-than-expected tax rate, higher spending in all categories, and adverse currency movements.
You may also be interested in...
Anjarium To Pioneer Next-Generation Non-Viral Gene Therapies
Emerging Company Profile: Switzerland-based Anjarium Biosciences AG has successfully raised $61m in a series A financing that will fund expansion of its novel proprietary platform and development of a nascent pipeline of non-viral gene therapies.
Incyte Plays Down Ruxolitinib Cream Label Worries Following Atopic Dermatitis Approval
Incyte welcomed FDA approval of its ruxolitinib cream, a selective JAK1/JAK2 inhibitor, as a treatment for atopic dermatitis, but criticized the boxed warnings label assigned to it.
BioPlx Says It Can Stop Recurrent MRSA Cycles In Hospitals
Emerging Company Profile: Privately held BioPlx is a US-based platform biotech that has successfully raised more than $10m from investors with the promise of developing non-antibiotic ways to control multiple-drug resistant superbugs and other infectious diseases.