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Roche, under CEO Thomas Schinecker, is streamlining its operations by focusing on five key therapeutic areas: neurology, oncology, eye diseases, immunology, and cardiovascular/metabolic diseases. The company is prioritizing promising drugs like CT-388, an injection aimed at significant weight loss, while addressing internal inefficiencies and aiming for faster clinical trials. Despite setbacks, Roche is determined to enhance its drug pipeline and maintain competitive growth in the pharmaceutical market.
The SPI index fell by 0.24% to 16,092.74 points, reflecting a 1.04% decline since the start of the week. Year-to-date, the index has risen by 10.45%, with a high of 16,557.98 points and a low of 14,455.60 points recorded this year. Top performers include Schlatter Industries and EFG International, while HOCHDORF and DocMorris faced significant losses.
Weak trading in Zurich saw the SPI index drop 0.20% to 16,290.51 points at the start of Monday, with a market capitalization of €2.200 trillion. The index has risen 11.81% since the beginning of 2024, with a high of 16,557.98 points and a low of 14,455.60 points this year. Curatis led gains with a 6.86% increase, while Meyer Burger Technology faced the largest decline at -10.98%.
Nestlé's stock market struggles are affecting pension fund investors, as the company is a key component in many pillar 3a products, including UBS's Vitainvest and ZKB's Frankly range. These funds, heavily influenced by the Swiss Market Index, face challenges due to the uncertain outlook for major index players like Nestlé, Novartis, and Roche. Björn Eberhardt from Luzerner Kantonalbank warns that investors in index products may not see significant price gains under these conditions.
The SPI index in Zurich rose 0.33% to 15,946.16 points, with a market capitalization of 2.122 trillion euros. Notable gainers included Perrot Duval SA (+71.25%) and Relief Therapeutics (+9.87%), while Curatis (-21.03%) and Calida (-13.12%) were among the biggest losers. Nestlé led in trading volume with over 1.5 million shares exchanged.
Hoffmann-La Roche AG
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Roche's new strategy focuses on promising drugs and streamlined research efforts
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