Roche fits the profile of that perfect suitor that could be looking for an alternative to its current problems, in order to maintain it's endangered #1 rank.
And it happens that Roche is one of the sponsors of the Bladder Cancer Canada patient website.
Take a look ...
Although the market for cancer drugs is projected to expand, the industry’s No. 1 oncology drugmaker is being elbowed out of the market by more competitors.
According to a report in the Wall Street Journal, Roche has been the top dog in oncology since 2002, aided by a 2009 acquisition of Genentech. But as the market has expanded, Roche has seen its slice of the pie shrink. In particular, Roche is projected to lose its top rank to Bristol-Myers Squibb and Celgene, after the companies complete their merger.
In the next few years, Roche will also take a hit from generics and biosimilars competition for its top-selling therapies: Herceptin, Avastin and Rituxan. All told, the company’s oncology portfolio comprises about 60% of the company’s pharmaceutical revenue — and in the next six years, analysts at EvaluatePharma project that revenue from company’s cancer drugs will fall by 12%.
Roche has been developing therapies in other markets to help fill the gap, such as Ocrevus, a new drug for multiple sclerosis. But the company maintains that it is still committed to investing in developing its cancer portfolio.