NYT - World Business - Mar 12, 2010Roche Holding Ltd. (RO)
-
Oliver Kaemmerer
at
WestLBWith the company having suggested prostate cancer could increase potential sales by 500 million to 1 billion Swiss francs a year ($467 million to $934 million), Deutsche Bank analysts said the setback meant 0.5 to 2 percent might need to be come off consensus sales estimates for
Roche and 1 to 4 percent from core earnings.
Oliver Kaemmerer, an analyst at WestLB, said he was likely to lower his 2014 sales forecast for Avastin of 9.8 billion francs to nearer 9 billion, given that ovarian cancer was the only new opportunity now left available. Avastin, which works by starving tumors of blood, is already used to treat colon, breast, lung and kidney cancers, and had 2009 annual global sales of 6.2 billion Swiss francs. It is a flagship product for
Roche, the world's largest maker of cancer drugs, given its potential to expand in these markets and move into treating new types of cancer
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With the company having suggested prostate cancer could increase potential sales by 500 million to 1 billion Swiss francs a year ($467 million to $934 million), Deutsche Bank analysts said the setback meant 0.5 to 2 percent might need to be come off consensus sales estimates for <span class="company">Roche</span> and 1 to 4 percent from core earnings.<span class="sent"> <span class="analyst">Oliver Kaemmerer</span>, an analyst at WestLB, said he was likely to lower his 2014 sales forecast for Avastin of 9.8 billion francs to nearer 9 billion, given that ovarian cancer was the only new opportunity now left available.</span> Avastin, which works by starving tumors of blood, is already used to treat colon, breast, lung and kidney cancers, and had 2009 annual global sales of 6.2 billion Swiss francs. It is a flagship product for <span class="company">Roche</span>, the world's largest maker of cancer drugs, given its potential to expand in these markets and move into treating new types of cancer....With the company having suggested prostate cancer could increase potential sales by 500 million to 1 billion Swiss francs a year ($467 million to $934 million), Deutsche Bank analysts said the setback meant 0.5 to 2 percent might need to be come off consensus sales estimates for <span class="company">Roche</span> and 1 to 4 percent from core earnings.<span class="sent"> <span class="analyst">Oliver Kaemmerer</span>, an analyst at WestLB, said he was likely to lower his 2014 sales forecast for Avastin of 9.8 billion francs to nearer 9 billion, give
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