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ZURICH (Reuters) -Roche is cutting 345 jobs, Swiss website Muula reported, as the drugs company responds to lower profit posted for 2023 and a more cautious outlook for the year ahead. The jobs will go in the product development area, and corresponded to about 6% of the workforce in the area, Muula said. Of the 5,800 jobs worldwide that develop pharmaceutical products or provide IT support for product development at Roche, around 1,800 are in Switzerland, where around 100 jobs are expected to fall victim to the cost cuts, the website added. ....
Swiss pharmaceutical firm Roche has sounded alarm against clinical trials conducted by Zydus Lifesciences on its biologic drug Perjeta, a widely-used breast cancer treatment. The Swiss company has filed a complaint against the Indian drug maker over alleged critical gaps in the clinical trial of a drug originally developed by Roche ....
Chartwell Investment Partners LLC lifted its holdings in shares of Roche Holding AG (OTCMKTS:RHHBY – Free Report) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,858 shares of the company’s stock after buying an additional 5,038 shares during […] ....
Roche Holding AG (OTCMKTS:RHHBY – Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 5,428,400 shares, an increase of 35.1% from the December 31st total of 4,016,800 shares. Based on an average daily volume of 2,626,800 shares, […] ....