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Roche Takes Advantage Of COVID-19 Testing Rush

 
• By Barnaby Pickering

Roche’s sales in 2020 increased by 1%, at constant exchange rates, to CHF 58.3bn, led by 14% growth in its diagnostics division.

Covid-19 test kit for detecting IgM/IgG antibodies and immunity in 15 minutes, held in hand wearing a disposable glove.

Roche's diagnostics division saw a year-over-year sales increase of 14% in 2020 to CHF 13.79bn ($15.3bn) – largely due to demand for COVID-19 diagnostics.

Molecular diagnostics accounting for “90% growth,” Roche diagnostics CEO, Thomas Schinecker said during the company’s 4 February fourth-quarter sales and earnings call.

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