Roche confirms 2021 outlook as sales of diagnostics mitigate drop in COVID-19 drugs By Reuters

© Reuters. FILE PHOTO: Logo of Swiss pharmaceutical company Roche pictured in Rotkreuz

(Corrects the fall in sales in Swiss francs to 1%, not 3%, in the second paragraph)

ZURICH (Reuters) – Swiss drugmaker Roche said first quarter revenue increased 3% at constant currencies as sales of COVID-19 diagnostics helped offset lower activity main drug.

Sales amounted to 14.9 billion Swiss francs ($ 16.26 billion), which in Swiss francs was down 1% from 15.1 billion francs the previous year, Roche said. in a press release. The Basel-based company, which does not report quarterly profit, said the strength of the Swiss franc led to lower revenues.

The Basel-based company still expects current-year sales growth in the low to mid single-digit range at constant currencies, with similar basic earnings per share growth.

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