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Diagnostics Saves Roche From Q1 Difficulties

 
• By Barnaby Pickering

In its first quarter 2021 sales earnings report, Roche highlighted the strength of its diagnostics business as biosimilars cannibalize its pharmaceutical revenues.

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The growth of Roche’s diagnostics division flipped the decline observed since 2017, accelerated primarily by the COVID-19 pandemic as it released a plethora of rapid testing kits. 

Roche announced its first quarter earnings on 21 April. Group sales were up 3% at constant exchange rates. This was, however, a 1% decline in Swiss Francs, due to its...

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