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“We haven’t taken any price increases in the U.S. since July 1,” Anderson said on a call. “Overall in the world, our 10 percent sales growth in pharma was based on 15 percent volume growth and 5 percent average price declines across the portfolio.”. Chief Executive Severin Schwan is getting a lift as sales of newer drugs offset erosion of older cancer drugs that face fierce competition in Europe. Multiple sclerosis drug Ocrevus’s sales rose by two-thirds to 836 million francs, while cancer immunotherapy Tecentriq jumped two-fold to 336 million. Breast cancer medicine Perjeta rose 41 percent to 870 million francs and Hemlibra, Roche’s new haemophilia A drug, hit 219 million francs.
“I’m very pleased that 90 percent, the vast majority white pave crystal stud set cufflinks 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, “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. 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 white pave crystal stud set cufflinks 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..
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.
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 white pave crystal stud set cufflinks a role in customer decisions, “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..
Huawei has rejected the allegations and launched a lawsuit against the U.S. government. Excluding restructuring charges related to a revamp of its Business Support System unit and one-off items, the operating margin was 7.2 percent. The company has pledged to hit an underlying target of more than 10 percent in 2020. Sales of 5G equipment in North America, the company’s biggest market, drove growth, while Europe lagged due partly to a lack of spectrum access, a poor investment climate, and uncertainties related to future vendor market access.
Ericsson said it now expects the Radio Access Network (RAN) equipment market to grow by 3 percent this year, up from a previous forecast for 2 percent growth, Ericsson also warned that probes by the U.S, Securities and Exchange Commission (SEC) and Department of Justice (DOJ) could result in white pave crystal stud set cufflinks “material financial and other measures”, It previously said it had initially received questions from U.S, authorities in March 2013, The company has not commented on media reports that U.S, authorities were investigating its business practices in Romania and China, but said in October it had dismissed 50 people due to the probe..