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RHHBY Roche Holdings Ltd AG (QX)

29.92
-0.41 (-1.35%)
Last Updated: 14:33:12
Delayed by 15 minutes
Name Symbol Market Type
Roche Holdings Ltd AG (QX) USOTC:RHHBY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.41 -1.35% 29.92 29.88 29.92 29.93 29.88 29.92 54,546 14:33:12

Roche CEO Says Company Is Losing Money in Russia, Tages-Anzeiger Reports

29/03/2022 12:00pm

Dow Jones News


Roche (QX) (USOTC:RHHBY)
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--Roche Holding is losing money in Russia because medicine prices are set in rubles, Chief Executive Severin Schwan tells Swiss newspaper Tages-Anzeiger in an interview.

--The CEO said the company has a responsibility to the patients who are depending on its medicines, and that it has 800 workers in Russia, though no production sites, the newspaper reports.

--Roche said in a statement that about 1% of group sales are generated in Russia.

 

Full story in German: https://bit.ly/35j0WLx

 

Write to Cecilia Butini at cecilia.butini@wsj.com

 

(END) Dow Jones Newswires

March 29, 2022 06:45 ET (10:45 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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