Roche Holding AG is extremely optimistic that its latest experimental Alzheimer’s drug will deliver a benefit for patients, Chief Executive Officer Thomas Schinecker said, despite a track record of failures in the field.
Roche’s newest experimental Alzheimer’s drug, dubbed brain shuttle because of its technology for slipping past the protective blood-brain barrier, has already shown to be extremely effective at breaking up the amyloid plaques that are a hallmark of the disease, Schinecker said. The drugmaker presented its latest data from a closely scrutinized patient trial at the CTAD medical conference in Madrid.
Roche is relying on its portfolio of experimental medicines to kick-start growth through the end of this decade after a more than yearlong overhaul of its research and development units. Failures in Alzheimer’s disease were among the setbacks that soured some investors on the company’s R&D strategy in recent years.
Third-quarter sales rose 9% to 15.1 billion Swiss francs , the Basel, Switzerland-based company said, slightly topping expectations thanks to its eye drug Vabysmo as well as medicines for cancer, hemophilia and multiple sclerosis. “We’re very confident that we can carry this momentum toward the end of this year but also into the next year,” Schinecker said in the TV interview.
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