UPDATE 1-Roche boosts 2019 sales outlook, sees Spark deal this year [Reuters]
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Source: Reuters
Roche boosts 2019 sales outlook, sees Spark deal this year - Reuters 2 Min Read ZURICH (Reuters) - Swiss drugmaker Roche ( ROG.S ) boosted its 2019 sales outlook for a third time, helped by rising Chinese revenue, and said it expects to finish its $4.3 billion takeover of Spark Therapeutics ( ONCE.O ) this year despite repeated delays. Sales are now expected to grow at a high-single-digit rate, at constant exchange rates, up from the mid- to high-single digit range projected in July, it said on Wednesday. Sales in the third quarter rose 13% to 15.6 billion Swiss francs ($15.64 billion), the Basel-based drugmaker said, citing a nearly 50% jump in revenue from its multiple sclerosis medicine Ocrevus that reaped 929 million francs. It did not give profit figures. International third-quarter sales including in China rose 27% to 2.5 billion francs, as Roche made inroads in the world’s most-populous country with its older cancer medicines Avastin, Herceptin and Rituxan, whose patents in
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