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Roche says cancer setback to be cushioned by other drug development

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Reuters
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1652365527882809500
Thu, 2022-05-12 17:27

ZURICH: Roche Chairman Christoph Franz on Thursday said a wide product development pipeline at the Swiss pharma and diagnostics company would offset the loss in growth prospects from a failure in immuno-oncology development this week.
Development of a new cancer treatment pioneered by Roche was thrown into doubt on Wednesday when immunotherapy drug tiragolumab failed to slow progression of lung cancer in a second trial, hitting the Swiss drugmaker’s shares.

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