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Roche looks to personalized medicine for growth
The logo of the Swiss drugmaker Roche is seen on a factory in Burgdorf near Bern November 17, 2010.
Credit: Reuters/Pascal Lauener
LONDON |
LONDON (Reuters) - Roche Holding AG, the world's biggest maker of cancer drugs, said it would build on its drive into personalized medicine to hold onto its long-term growth momentum and said it would keep up spending on research and development.
In a statement ahead of a presentation to investors in London on Wednesday, the Swiss drugmaker said it expected 19 late stage trials to read out over the next 18 months.
"More than 60 percent of our pharmaceutical pipeline projects are coupled with the development of companion diagnostics in order to make treatments more effective," Chief Executive Severin Schwan said in a statement.
Roche said it was committed to a stable R&D budget. It spent 8.3 billion Swiss francs ($8.71 billion)on R&D in 2011. The company is also targeting growth in emerging markets as austerity-hit European markets slash healthcare budgets.
(Reporting by Caroline Copley)
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This has been the dispute of Pharmaceutical Companies for years again Homeopathy, that because we treat our patients as individuals, that it is not possible for our medicines to fit into the current clinical trial models and thus it supposedly makes our medicine a farce.
So, someone please explain to me how they will possibly treat people individually and fit into the current models of scientific proof under the current system.
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