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February 7, 2007
By: Tim Wright
Roche FY Revenues: $34.5 billion (+17%)* FY Earnings: $7.3 billion (+34%)* Comments: Pharmaceutical sales were up 21% to $27.3 billion driven primarily by key oncology products: MabThera/Rituxan, Herceptin, Avastin, and Xeloda; the flu medicine Tamiflu, Genentech’s ophthalmology drug Lucentis, and the osteoporosis medicine Bonviva/Boniva. The company received marketing approvals for Avastin in lung cancer, Herceptin in early-stage breast cancer and MabThera/Rituxan in rheumatoid arthritis. R&D spending was $5.4 billion for the year, up 16%. * includes revenues from Genentech and Chugai subsidiaries
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