Roche CEO Reassures No Job Cuts Despite Challenges: Report

Comments
Loading...
Zinger Key Points

Swiss pharmaceutical giant Roche Holding AG RHHBY reportedly has no plans for job cuts despite facing recent challenges in its drug development pipeline.

CEO Thomas Schinecker, in an interview with NZZ am Sonntag, reassured that worker numbers are constant to slightly increasing, reported Reuters.

He also emphasized healthy business and not having a growth problem either. Meanwhile, the report noted Schinecker saying that the company’s research and development budget remains stable without expansion.

Also Read: Roche-Prothena Partnered Mid-Stage Parkinson’s Trial Misses Primary Endpoint, But Cling On Signs Of Clinical Benefits

Schinecker also provided insights into Roche’s pipeline, estimating that the company’s anti-obesity drug could hit the market by 2029 or earlier, per the report.

Addressing the broader economic landscape, Schinecker acknowledged challenges in Europe and China, contrasting them with moderate growth in the U.S.

Price Action: RHHBY shares closed at $35.07 on Friday.

Got Questions? Ask
Which pharmaceutical stocks may benefit from Roche's stability?
How could Roche's anti-obesity drug impact market competition?
What implications do Roche's plans have for biotech investments?
Which competitors might struggle against Roche's pipeline?
How will challenges in Europe affect Roche's earnings?
Could Roche's stability attract investors in healthcare?
Which U.S. markets might grow due to Roche's outlook?
How does Roche's R&D budget affect innovation in pharma?
What role will China's economy play in Roche's growth?
Which biotech partnerships are worth watching after Roche's insights?

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Market News and Data brought to you by Benzinga APIs

Posted In: