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“I’m very pleased that 90 percent, the vast majority of our growth, comes from our new medicines,” Schwan said. Still, a big unknown for the Austrian CEO is how swiftly rivals’ soon-to-be-launched copies of Roche’s $22 billion-per-year cancer medicines Rituxan, Herceptin and Avastin will eat into U.S. sales this year and next vintage cufflinks nyc. “Roche can keep up the unbroken growth, as long as Ocrevus, Hemlibra and the entire (breast cancer) franchise maintain their momentum,” Zuercher Kantonalbank analyst Michael Nawrath said..
Schwan expects the $4.3 billion takeover of Philadelphia-based Spark Therapeutics to be completed by June, despite a regulatory hiccup with the U.S. Federal Trade Commission that required an extension. “Our firm expectation is it will close at the conditions we have offered,” the CEO said. First-quarter sales rose 8 percent to 14.8 billion Swiss francs ($14.7 billion), beating the 14.2 billion Infront Data poll average estimate vintage cufflinks nyc. Drug sales rose 10 percent to 11.9 billion francs, besting the 11.2 billion poll average, while diagnostics sales edged higher..
TAIPEI (Reuters) – Terry Gou, chairman of Apple supplier Foxconn, said on Wednesday he will contest Taiwan’s 2020 presidential election, shaking up the political landscape at a time of heightened tension between the self-ruled island and Beijing. Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, said he would join the already competitive race, and would take part in the opposition, China-friendly Kuomintang party’s primaries. His bid, which requires KMT approval, comes at a delicate time for cross-strait relations and delivers a blow to the ruling pro-independence Democratic Progressive Party, which is struggling in opinion polls vintage cufflinks nyc.
STOCKHOLM (Reuters) – Ericsson posted a first-quarter profit on Wednesday that swept past forecasts due to strong growth in North America and cost cuts, spurring the telecom equipment maker to boost its full-year outlook for the global networks market. Its shares rose more than 3 percent to a four-year high. Profit beat expectations for a fifth straight quarter, as the Swedish company slashes costs following an industry-wide downturn in the middle of the decade, and as a new cycle of network upgrades kicks in for next-generation 5G equipment vintage cufflinks nyc.
The company counts Huawei as one of its main rivals and some analysts see potential benefits from Western suspicions of the Chinese group after Washington alleged its gear could be used by Beijing for spying. Ericsson Chief Financial Officer Carl Mellander said the Huawei situation had not yet affected orders but acknowledged security concerns could play a role in customer decisions vintage cufflinks nyc. “We said earlier that we don’t see it in the order books, but generally speaking the competitiveness we now have in our radio portfolio, through all technology investment we have done, matters,” Mellander told Reuters..