Welcome to our dedicated page for Roche Hldg news (Ticker: RHHBY), a resource for investors and traders seeking the latest updates and insights on Roche Hldg stock.
Roche Holding Ltd/ADR (RHHBY) is linked to a stream of news that reflects the company’s activities in biotechnology, pharmaceuticals and diagnostics. Recent announcements from Roche and its U.S. affiliate Genentech highlight regulatory approvals, late‑stage clinical trial results, new diagnostic platforms and agreements related to access and manufacturing.
Investors and healthcare observers following RHHBY news will see updates on oncology and haematology programmes, such as the U.S. Food and Drug Administration’s accelerated approval of Lunsumio VELO, a subcutaneous CD20xCD3 bispecific antibody for relapsed or refractory follicular lymphoma after at least two prior lines of systemic therapy. News also covers Phase III data for the investigational oral SERD giredestrant in ER‑positive early‑stage breast cancer, as well as new data on Lunsumio combinations and long‑term outcomes in lymphomas presented at major scientific meetings.
On the diagnostics side, Roche has reported the U.S. launch of next‑generation cobas 6800/8800 systems and software upgrades, CE Mark approval for its cobas Mass Spec solution reagent pack for antibiotics drug monitoring, and CE Mark for the cobas BV/CV assay for bacterial vaginosis and candida vaginitis. These stories illustrate how the company is expanding its in‑vitro diagnostic menu and enhancing laboratory efficiency.
Additional news items include European Commission approval of Gazyva/Gazyvaro for lupus nephritis and Genentech’s agreement with the U.S. government addressing prescription drug costs and direct‑to‑patient programmes. For users of this page, the RHHBY news feed offers a central place to review such regulatory milestones, clinical trial readouts, product launches and policy‑related developments associated with Roche and the Roche Group.
Roche (OTCQX: RHHBY) announced an expanded partnership with the U.S. CDC, aiming to strengthen laboratory capabilities in countries impacted by HIV and tuberculosis. The "Lab Networks for Health" initiative focuses on enhancing diagnostics and treatment outcomes through public-private collaboration in Africa, Eastern Europe, Central Asia, and the Western Hemisphere. Key efforts include workforce training, quality management systems, and optimizing diagnostic networks for better pandemic preparedness. This collaboration is crucial as global health challenges persist, evidenced by millions undiagnosed with HIV and TB. The initiative supports WHO goals for disease elimination.
Roche has launched the IDH1 R132H and ATRX Rabbit Polyclonal Antibodies to enhance the diagnosis of brain cancer mutations. These additions to Roche's neuropathology portfolio aim to improve patient care by enabling clinicians to stratify treatments based on IDH1 and ATRX gene mutation statuses. The IDH1 R132H mutation is linked to better prognosis and eligibility for clinical trials. These tests, optimised for the BenchMark series, are designed to be more accurate and cost-effective than traditional sequencing methods. Initially available in the US, they will expand to other markets later this year and in 2024.
On February 10, 2023, Roche (OTCQX: RHHBY) announced its Roche Long Term Foundation acquired 540,000 bearer shares through an accelerated book building process. This acquisition is intended to meet both current and future obligations from equity compensation plans. The sale also involved a member of a shareholder group, which sold 2.7 million shares, reducing their ownership from 67.5% to approximately 65% of Roche's total issued shares. Roche continues to be a leader in biotechnology and diagnostics and has been recognized for its sustainability efforts in the pharmaceuticals industry.
Roche reported positive data for Vabysmo (faricimab) from two phase III trials, BALATON and COMINO, evaluating its efficacy for macular edema due to retinal vein occlusion (RVO). In both trials, Vabysmo achieved non-inferior visual acuity gains compared to aflibercept. The studies showed a significant reduction in retinal fluid, indicating effective treatment outcomes. If approved, RVO will be the third indication for Vabysmo, which is already authorized for neovascular age-related macular degeneration and diabetic macular edema. The findings will be submitted for regulatory review globally, including by the FDA and EMA.
Roche (OTC-PINK:RHHBY) has expanded its collaboration with Janssen Biotech to enhance the development of companion diagnostics aimed at personalised healthcare. This new agreement, announced on February 9, 2023, will include a diverse range of technologies such as blood and tissue biomarkers, digital pathology, and next-generation sequencing. The collaboration aims to improve access to targeted treatment options for patients, exemplifying Roche's commitment to precision medicine. Successful projects may include new immunohistochemistry assays and advanced data analysis for patient identification.
Roche has expanded its collaboration with Janssen Biotech to enhance personalized healthcare through the development of companion diagnostics. The agreement includes a wide range of technologies such as immunohistochemistry, digital pathology, and next-generation sequencing. This collaboration aims to improve access to targeted treatment options, thereby strengthening Roche's position in precision medicine. The partnership also looks to explore innovative projects like data analysis and the development of new assays for patient enrollment in personalized treatments.
Genentech, a member of the Roche Group (OTCQX: RHHBY), announced positive results from the Phase III COMMODORE 2 study, evaluating crovalimab for treating paroxysmal nocturnal hemoglobinuria (PNH). The study met its co-primary endpoints, showing crovalimab achieved effective disease control and was non-inferior to the standard of care, eculizumab. Additionally, the COMMODORE 1 study confirmed the favorable benefit-risk profile of crovalimab for patients switching from C5 inhibitors. Genentech plans to submit findings to regulatory authorities worldwide.
Roche announced positive results from the global phase III COMMODORE 2 study, evaluating crovalimab for treating paroxysmal nocturnal haemoglobinuria (PNH). The study met its co-primary efficacy endpoints, showing crovalimab achieved disease control and transfusion avoidance in patients not previously treated with complement inhibitors. The phase III COMMODORE 1 study corroborated the favorable benefit-risk profile of crovalimab for patients switching from current C5 inhibitors. Roche plans to submit the findings to regulatory authorities globally and present results at an upcoming medical meeting.
Roche has appointed Teresa Graham as the new CEO of Roche Pharmaceuticals, effective March 2023. Previously Head of Global Product Strategy, Graham will join the Corporate Executive Committee. Levi Garraway, the Chief Medical Officer, will also become a member of this committee. Both executives will report to the new Roche Group CEO, Thomas Schinecker. Graham brings extensive experience from her tenure at Genentech and has a solid track record in strategic roles. Garraway is renowned for his expertise in cancer genomics and has contributed significantly to the field. These changes reflect Roche's commitment to strong leadership as it continues to focus on innovation.
Roche's group sales grew by 2% at constant exchange rates, totaling CHF 63.3 billion in 2022, despite a decline in COVID-19-related sales. The Pharmaceuticals Division saw a 2% increase in sales, bolstered by strong performance from newer medicines, while the Diagnostics Division grew by 3%.
Core earnings per share rose by 5%, but IFRS net income dropped by 6% to CHF 13.5 billion. Looking ahead, Roche anticipates low single-digit sales decline due to a projected CHF 5 billion drop in COVID-19 product sales, while new product launches suggest potential for solid growth.