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Roche Faces Sales Slide If Avastin Loses Breast Cancer License - WSJ.com More BigCharts Virtual Stock Exchange WSJ Asia WSJ Europe WSJ Portuguese WSJ Spanish WSJ Chinese WSJ Japanese WSJ Radio Financial News WSJ Lifestyle Brands WSJwine SEARCH Friday, August 20, 2010 As of 12:13 PM EDT |
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ZURICH (Dow Jones)--Roche Holding AG (ROG.VX), the world's biggest maker of oncology drugs, risks losing more than 1 billion Swiss francs ($1 billion) in sales next year if U.S. and EU regulators decide to revoke top-selling Avastin's license to treat breast cancer patients.
Analysts expect the sales drop to be between CHF500 million and CHF1.5 billion, depending on how harsh regulators will curtail the drug's use. The larger figure would represent a 25% decline for Avastin, which is used for treating lung, kidney, colorectal and breast cancer. It is Roche's best-selling medicine, contributing more than 10% to overall sales of ...
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