Group sales grew by 6%1 at constant exchange rates (CER; 7% in CHF), driven by high demand for newer medicines and diagnostic solutions.Pharmaceuticals Division sales rose by 8% (9% in CHF) on continued strong demand for a broad range of our medicines; top growth drivers were Phesgo (breast cancer), Vabysmo (severe eye diseases), Xolair (allergies) and Hemlibra (haemophilia A).Diagnostics Division sales remained stable with high demand across products and regions offsetting the impact of the recent healthcare pricing reforms in China.Highlights:
   US approval for Evrysdi tablet for spinal muscular atrophy and Susvimo for the leading cause of diabetes-related blindnessEU approval for Columvi combination with chemotherapy for people with relapsed or refractory diffuse large B-cell lymphomaUS acceptance of supplemental Biologics License Application for Gazyva/Gazyvaro for lupus nephritisTrontinemab for Alzheimer’s disease and NXT007 for haemophilia A to move into phase IIIExclusive collaboration and licensing agreement with Zealand Pharma to co-develop and co-commercialise amylin analogue as a stand-alone therapy as well as a fixed-dose combination with Roche’s lead incretin asset CT-388 for weight lossUnveiling of novel sequencing by expansion (SBX) technology, a new class of next-generation sequencingAnnouncement of plans to invest USD 50 billion in pharmaceuticals and diagnostics in the US in R&D and manufacturing over the next five yearsAnnouncement of plans to establish Roche Genentech Innovation Center Boston
   Outlook for 2025 confirmed  Roche CEO Thomas Schinecker: “We had a good start to the year with Group sales increasing by 6% at constant exchange rates and we achieved a number of important milestones.  Based on recent data, two potential new therapies – our investigational Brainshuttle bispecific antibody to treat Alzheimer’s and our investigational next-generation haemophilia A medicine – will move into phase III. Together with Zealand Pharma, we are developing amylin as a potential new stand-alone therapy for weight loss and as a fixed-dose combination with our incretin CT-388. In Diagnostics, we unveiled our breakthrough ‘sequencing by expansion’ technology, offering unparalleled speed, throughput and flexibility combined with high accuracy.  We are expanding our already strong US footprint – with currently over 25,000 employees, 15 R&D and 13 manufacturing sites – by investing USD 50 billion, an important step to continue to meet patient needs in the US with highly innovative medicines and diagnostics.  We are confident we will continue our positive momentum and confirm our full-year outlook.”
   Sales
    CHF millions
    As % of sales
    % change
    January–March
2025
    2024
    2025
    2024
    At CER
    In CHF
    Group
15,440
    14,399
    100.0
    100.0
    6
    7
    Pharmaceuticals Division
    11,949
    10,921
    77.4
    75.8
    8
    9
    United States
    6,224
    5,692
    40.3
    39.5
    6
    9
    Europe
    2,320
    2,200
    15.0
    15.3
    5
    5
    Japan
    671
    649
    4.3
    4.5
    3
    3
    International*
    2,734
    2,380
    17.8
    16.5
    18
    15
    Diagnostics Division
    3,491
    3,478
    22.6
    24.2
    0
    0
    *Asia-Pacific, CEETRIS (Central Eastern Europe, Türkiye, Russia and Indian subcontinent), Latin America, Middle East, Africa, Canada, others
   Outlook for 2025 confirmedRoche (SIX: RO, ROG; OTCQX: RHHBY) expects an increase in Group sales in the mid single digit range (CER). Core earnings per share are targeted to develop in the high single digit range (CER). Roche expects to further increase its dividend in Swiss francs.  Group salesIn the first three months of 2025, Roche achieved sales growth of 6% (7% in CHF) to CHF 15.4 billion.  Strong demand for both pharmaceutical products and diagnostic solutions more than made up for the impact from the loss of exclusivity on Avastin (various types of cancer), Herceptin (breast and gastric cancer), MabThera/Rituxan (blood cancer, rheumatoid arthritis), Esbriet (lung disease), Lucentis (severe eye diseases) and Actemra/RoActemra (rheumatoid arthritis, COVID-19), totalling CHF 0.2 billion, and the impact of the recent healthcare pricing reforms in China.  Sales in the Pharmaceuticals Division increased by 8% (9% in CHF) to CHF 11.9 billion, with newer medicines for severe diseases continuing their strong growth.  The top five growth drivers – Phesgo, Vabysmo, Xolair, Hemlibra and Xofluza (influenza) – achieved total sales of CHF 3.6 billion. This represents a plus of CHF 0.7 billion at CER compared to the first quarter of 2024.  Phesgo achieved sales of CHF 0.6 billion due to growing demand across regions, notably China and the US, while Vabysmo continued to witness strong uptake, generating sales of CHF 1.0 billion on increased demand in all regions.  Sales of Avastin, Herceptin, MabThera/Rituxan, Esbriet, Lucentis and Actemra/RoActemra decreased by a combined CHF 0.2 billion (CER) due to the impact of loss of exclusivity.  In the United States, sales rose by 6%. Xolair, Phesgo, Vabysmo, Polivy (blood cancer) and Ocrevus (multiple sclerosis) were the main growth drivers. This growth more than compensated for the reduced sales of medicines with expired patents and the decline in sales of Tecentriq (cancer immunotherapy).  Sales in Europe grew by 5% as the strong uptake of Vabysmo, Polivy, Ocrevus, Phesgo and Hemlibra more than compensated for the decline in sales of medicines with expired patents and lower sales of Perjeta (breast cancer) due to the ongoing conversion of patients to Phesgo.  In Japan, sales increased by 3% due to growth in sales of Phesgo, Vabysmo, PiaSky (rare blood disorder), Tamiflu (influenza) and Alecensa (lung cancer). This growth more than compensated for the impact of price cuts as well as biosimilar erosion.  Sales in the International region grew by 18%, led by China. In China, sales rose by 14%, driven by demand for Xofluza and Phesgo.  The Diagnostics Division sales remained stable at CHF 3.5 billion as growth in demand, notably for immunodiagnostic products and pathology solutions, offset the impact of the recent healthcare pricing reforms in China.  Sales in the Europe, Middle East and Africa (EMEA) region increased by 4% due to higher sales of immunodiagnostic products, clinical chemistry tests and advanced staining solutions.  In North America, sales rose by 7%, driven by growth across all customer areas. Sales in Asia-Pacific decreased by 15% due to the impact of the healthcare pricing reforms in China.  Pharmaceuticals: key developments
   Compound
    Milestone
    Regulatory
    ColumviBlood cancer
   European Commission approves Columvi as the first bispecific antibody for diffuse large B-cell lymphoma (DLBCL) after initial therapy
The approval is based on the phase III STARGLO study, where Columvi in combination with chemotherapy showed a 41% reduction in the risk of death compared to MabThera/Rituxan plus chemotherapy.DLBCL is an aggressive cancer with a high risk of progression, meaning urgent and effective treatments are needed for people who relapse or have refractory disease.This Columvi regimen offers a much needed off-the-shelf and fixed-duration treatment option for those ineligible for transplant.
More information: Media Release, 14 April 2025
    Gazyva/GazyvaroLupus nephritis
  FDA accepts supplemental Biologics License Application for Gazyva/Gazyvaro for the treatment of lupus nephritis
Gazyva/Gazyvaro is the only anti-CD20 monoclonal antibody in a randomised phase III study to demonstrate a complete renal response benefit.The filing application is based on data from the phase III REGENCY study, where Gazyva/Gazyvaro showed superiority over standard therapy alone in people with active lupus nephritis.Lupus nephritis affects 1.7 million people worldwide; up to one-third of people on current treatments will progress to end-stage kidney disease within 10 years.
More information: Media Release, 5 March 2025
    ColumviBlood cancer
   CHMP recommends EU approval of Columvi combination for people with relapsed or refractory diffuse large B-cell lymphoma (DLBCL)
Columvi plus chemotherapy showed a 41% reduction in the risk of death in the pivotal phase III STARGLO study.DLBCL – an aggressive disease with a high risk of progression – remains an area of high unmet need, especially for treatments that can be initiated soon after the cancer returns.If approved, this off-the-shelf, fixed-duration Columvi combination will be the first bispecific antibody regimen available for patients with DLBCL following relapse.
More information: Media Release, 28 February 2025
    EvrysdiSpinal muscular atrophy
   FDA approves Evrysdi tablet as first and only tablet for spinal muscular atrophy (SMA)
Evrysdi is the only non-invasive disease-modifying SMA treatment and is approved in over 100 countries.Evrysdi tablet can be stored at room temperature and offers the same demonstrated efficacy and safety as the currently available oral solution.New tablet formulation may provide greater freedom and independence for people with SMA thanks to simplified dose administration.
More information: Media Release, 12 February 2025
    SusvimoSevere eye diseases
   FDA approves Susvimo as the first and only continuous-delivery treatment for the leading cause of diabetes-related blindness
Susvimo is the first and only continuous-delivery treatment that offers an alternative to regular eye injections to treat diabetic macular edema (DME).With as few as two treatments per year, Susvimo may help people with DME maintain their vision.Approval marks the second indication for Susvimo in addition to neovascular or ‘wet’ age-related macular degeneration (nAMD).
More information: Media Release, 4 February 2025
    Phase III, pivotal and other key read-outs
    TrontinemabAlzheimer’s disease
   Roche presents novel therapeutic and diagnostic advancements in Alzheimer’s at AD/PD 2025
New trontinemab data continue to support rapid and deep, dose-dependent reduction of amyloid plaques in phase Ib/IIa Brainshuttle AD study.Data on the Elecsys pTau181 plasma test demonstrate potential to accurately rule out amyloid pathology, one of the hallmarks of Alzheimer’s disease.Roche will initiate a phase III programme for trontinemab later this year based on totality of data.
More information: Media Release, 3 April 2025
    OcrevusMultiple sclerosis
   Roche provides update on phase III Ocrevus high dose study in people with relapsing multiple sclerosis
MUSETTE trial was designed to determine whether a higher dose of the currently approved Ocrevus IV 600 mg would provide additional benefit to people living with relapsing multiple sclerosis.The trial did not meet its primary endpoint; results support Ocrevus IV 600 mg as the optimal dose to slow disability progression.High dose was well tolerated with an overall comparable safety profile to Ocrevus IV 600 mg and no new safety signals observed.
More information: Media Release, 2 April 2025
    XolairAllergies
   Phase III study shows Xolair may be more effective with fewer side effects than oral immunotherapy for the treatment of food allergies
First-ever head-to-head trial comparing Xolair and oral immunotherapyResults were featured as late-breakers at the 2025 AAAAI Annual Meeting.Xolair is the only US FDA-approved medicine to reduce allergic reactions in children and adults with one or more food allergies.
More information: Media Release, 2 March 2025
    Other
    US investment announcement
    Roche announces plans to invest USD 50 billion in pharmaceuticals and diagnostics in the United States over the next five years
 USD 50 billion commitment includes new state-of-the-art research and development (R&D) sites, new and expanded manufacturing facilities in Indiana, Pennsylvania, Massachusetts and California and an additional site location to be announced soon.Investments will create more than 12,000 new jobs: 1,000 at Roche and more than 11,000 in support of new US manufacturing capabilities. Roche already has a significant existing US presence with more than 25,000 employees, 15 R&D centres and 13 manufacturing sites.
More information: Media Release, 22 April 2025
    Zealand Pharmaagreement
   Roche enters into an exclusive collaboration and licensing agreement with Zealand Pharma to co-develop and co-commercialise petrelintide as a potential foundational therapy for people with overweight and obesity
Agreement allows for a range of potentially best-in-class therapy options as monotherapy and fixed-dose combination with Roche’s lead incretin asset CT-388.Collaboration will complement Roche’s portfolio in the field of cardiovascular, renal and metabolic (CVRM) diseases.Obesity is a heterogeneous disease with over 200 related comorbidities, including cardiovascular and metabolic diseases, and is expected to impact over 4 billion people globally by 2035.
More information: Media Release, 12 March 2025
    Roche Genentech Innovation Center
    Roche announces launch of Roche Genentech Innovation Center Boston based at Harvard’s Enterprise Research Campus in Allston
The new centre will be a hub for both Roche and Genentech, bringing together expertise in cardiovascular, renal and metabolic diseases, as well as for data science and AI specialists to drive innovation in drug discovery and development.Roche will be the first to join Harvard’s Enterprise Research Campus in Allston, taking a suite in the first phase of the project’s cutting-edge lab space.Starting with a lease of 30,000 square feet (approx. 2,800 square metres), Roche intends to invest over the coming years into a research and development presence with eventually up to 500 employees.
More information: Media Release, 7 March 2025
    Gazyva/GazyvaroLupus nephritis
  New England Journal of Medicine publishes new data for Gazyva/Gazyvaro which shows superiority over standard therapy in people with active lupus nephritis
Nearly half of patients on Gazyva/Gazyvaro plus standard therapy achieved a complete renal response (CRR), with a statistically significant and clinically meaningful improvement, compared to standard treatment alone.Analysis showed consistent CRR benefit across patient subgroups, highlighting potential to treat a broad patient population with high unmet need.Gazyva/Gazyvaro is the only anti-CD20 monoclonal antibody in a phase III study to demonstrate CRR benefit, which is associated with preservation of kidney function and delay or prevention of end-stage kidney disease.
More information: Media Release, 7 February 2025
    Enlarged Corporate Executive Committee change
    Change to the Roche Enlarged Corporate Executive Committee
Wafaa Mamilli joins Roche as Chief Digital Technology Officer (CDTO), reporting to Group CEO Thomas Schinecker.She became a member of the Enlarged Corporate Executive Committee starting 10 February 2025.  She is based at Genentech in South San Francisco.
More information: Media Release, 29 January 2025
   Pharmaceuticals sales
   Sales
    CHF millions
    As % of sales
    % change
    January–March
    2025
    2024
    2025
    2024
    At CER
    In CHF
    Pharmaceuticals Division
    11,949
    10,921
    100.0
    100.0
    8
    9
    United States
    6,224
    5,692
    52.1
    52.1
    6
    9
    Europe
    2,320
    2,200
    19.4
    20.1
    5
    5
    Japan
    671
    649
    5.6
    5.9
    3
    3
    International
    2,734
    2,380
    22.9
    21.9
    18
    15
   International: Asia-Pacific, CEETRIS (Central Eastern Europe, Türkiye, Russia and Indian subcontinent), Latin America, Middle East, Africa, Canada, others
   Top 20 best-selling pharmaceuticals
    Total
    United States
    Europe
    Japan
    International
    CHF m
    %
    CHF m
    %
    CHF m
    %
    CHF m
    %
    CHF m
    %
    OcrevusMultiple sclerosis
   1,778
    6
    1,247
    3
    344
    11
    -
    -
    187
    16
    HemlibraHaemophilia A
   1,165
    11
    610
    0
    247
    7
    82
    3
    226
    72
    VabysmoEye diseases (nAMD, DME, RVO)
   1,018
    18
    718
    7
    197
    42
    32
    35
    71
    101
    TecentriqCancer immunotherapy
   870
    0
    411
    -8
    220
    5
    81
    -5
    158
    21
    Perjeta2Breast cancer
   840
    -10
    342
    -3
    144
    -16
    18
    -51
    336
    -9
    Xolair2Asthma
   645
    26
    645
    26
    -
    -
    -
    -
    -
    -
    Actemra/RoActemra2RA, COVID-19
   619
    -1
    294
    3
    152
    -19
    71
    5
    102
    26
    PhesgoBreast cancer
   593
    52
    179
    38
    199
    18
    40
    115
    175
    142
    Kadcyla2Breast cancer
   506
    5
    201
    5
    135
    -7
    21
    -3
    149
    21
    EvrysdiSpinal muscular atrophy
   420
    18
    160
    15
    145
    6
    20
    0
    95
    56
    AlecensaLung cancer
   397
    11
    130
    21
    68
    -6
    49
    12
    150
    12
    PolivyBlood cancer
   358
    42
    156
    30
    94
    74
    44
    2
    64
    80
    MabThera/Rituxan2Blood cancer, RA
   298
    -16
    181
    -14
    35
    -10
    3
    -17
    79
    -23
    Activase/TNKase2Cardiac diseases
   297
    -2
    285
    -2
    -
    -
    -
    -
    12
    -9
    Herceptin2Breast and gastric cancer
   292
    -20
    60
    -12
    77
    0
    2
    -56
    153
    -29
    Avastin2Various cancer types
   274
    -15
    80
    -21
    14
    -33
    36
    -30
    144
    -3
    Gazyva/Gazyvaro2Blood cancer
   249
    15
    131
    27
    60
    -3
    8
    46
    50
    11
    XofluzaInfluenza
   159
    234
    14
    239
    -
    *
    -
    -
    145
    234
    Pulmozyme2Cystic fibrosis
   123
    10
    84
    22
    18
    -9
    -
    -26
    21
    -10
    Tamiflu2Influenza
   100
    56
    9
    *
    26
    114
    13
    81
    52
    17
   * Over 500%DME: diabetic macular edema / nAMD: neovascular or ‘wet’ age-related macular degeneration / RVO: retinal vein occlusion / RA: rheumatoid arthritis  Diagnostics: key developments
   Product
    Milestone
    SBX technology
    Roche unveils a new class of next-generation sequencing with its novel sequencing by expansion technology
Roche’s innovative sequencing by expansion (SBX) technology represents a leap forward in next-generation sequencing (NGS), which is playing a vital role in decoding complex diseases like cancer, immune disorders and neurodegenerative conditions.Combined with an innovative, high-throughput sensor module, SBX uses expanded synthetic molecules to determine the DNA sequence of a target molecule, creating an ultra-rapid, scalable and flexible technology.Reducing the time from sample to genome from days to hours, this novel approach could significantly speed up genomic research, as well as translational and clinical applications in the years to come.
More information: Media Release, 20 February 2025
    PATHWAY HER2 (4B5) test
    Roche receives FDA approval for the first companion diagnostic to identify patients with HER2-ultralow metastatic breast cancer eligible for ENHERTU
As seen in the DESTINY-Breast06 trial, approximately 20–25 percent of hormone receptor (HR)-positive, HER2-negative breast cancer patients may be considered HER2-ultralow. These patients may now be eligible for a targeted treatment, which could significantly improve their outcomes.The PATHWAY HER2 (4B5) test, the first and only FDA approved companion diagnostic for assessing HER2-low status since 2022, is now also approved to aid in the assessment of HER2-ultralow status for metastatic breast cancer patients.HER2 interpretation in breast cancer is evolving. With the introduction of HER2-low and now HER2-ultralow classifications, Roche continues to lead in HER2 diagnostics, helping to expand patient access to personalised treatment.
More information: Media Release, 31 January 2025
   Diagnostics sales
   Sales
    CHF millions
    As % of sales
    % change
    January–March
    2025
    2024
    2025
    2024
    At CER
    In CHF
    Diagnostics Division
    3,491
    3,478
    100.0
    100.0
    0
    0
    Customer areas3
    Core Lab
    1,904
    1,926
    54.5
    55.4
    -1
    -1
    Molecular Lab
    634
    611
    18.2
    17.6
    2
    4
    Near Patient Care
    536
    569
    15.4
    16.3
    -5
    -6
    Pathology Lab
    417
    372
    11.9
    10.7
    11
    12
    Regions
    Europe, Middle East, Africa
    1,236
    1,188
    35.4
    34.2
    4
    4
    North America
    1,154
    1,055
    33.1
    30.3
    7
    9
    Asia-Pacific
    853
    992
    24.4
    28.5
    -15
    -14
    Latin America
    248
    243
    7.1
    7.0
    11
    2
   More information on Roche performance in the first quarter of 2025:  Q1 2025 presentationAppendix with tables   About Roche Founded in 1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world’s largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharmaceuticals with data insights from the clinical practice.  For over 125 years, sustainability has been an integral part of Roche’s business. As a science-driven company, our greatest contribution to society is developing innovative medicines and diagnostics that help people live healthier lives. Roche is committed to the Science Based Targets initiative and the Sustainable Markets Initiative to achieve net zero by 2045.   Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.  For more information, please visit www.roche.com.  All trademarks used or mentioned in this release are protected by law.References[1] Unless otherwise stated, all growth rates and comparisons to the previous year in this document are at constant exchange rates (CER: average rates 2024) and all total figures quoted are reported in CHF.[2] Products launched before 2015.[3] Core Lab: diagnostics solutions in the areas of immunoassays, clinical chemistry and CustomBiotech.Molecular Lab: diagnostics solutions for pathogen detection and monitoring, donor screening, sexual health and genomics, genomic tumour profiling.Near Patient Care: diagnostics solutions in emergency rooms, medical practices and directly with patients, including integrated personalised diabetes management.Pathology Lab: diagnostics solutions for tissue biopsies and companion diagnostics.In 2025, sales in the Pathology Lab customer area include sales previously reported in the Molecular Lab customer area to foster business transparency and harmonisation in the use of solutions in the area of cervical intraepithelial neoplasia technology (CINtec). The comparative information for 2024 has been restated accordingly.In 2025, sales in the Core Lab customer area include sales previously reported in the Near Patient Care customer area to centralise digital healthcare solutions within Roche Information Solutions. The comparative information for 2024 has been restated accordingly.   Cautionary statement regarding forward-looking statementsThis document contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes’, ‘expects’, ‘anticipates’, ‘projects’, ‘intends’, ‘should’, ‘seeks’, ‘estimates’, ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. Various factors may cause actual results to differ materially in the future from those reflected in forward-looking statements contained in this document, such as: (1) pricing and product initiatives of competitors; (2) legislative and regulatory developments and economic conditions; (3) delay or inability in obtaining regulatory approvals or bringing products to market; (4) fluctuations in currency exchange rates and general financial market conditions; (5) uncertainties in the discovery, development or marketing of new products or new uses of existing products, including without limitation negative results of clinical trials or research projects, unexpected side effects of pipeline or marketed products; (6) increased government pricing pressures; (7) interruptions in production; (8) loss of or inability to obtain adequate protection for intellectual property rights; (9) litigation; (10) loss of key executives or other employees; and (11) adverse publicity and news coverage. The statement regarding earnings per share growth is not a profit forecast and should not be interpreted to mean that Roche’s earnings or earnings per share for this or any subsequent period will necessarily match or exceed the historical published earnings or earnings per share of Roche.  Roche Global Media RelationsPhone: +41 61 688 88 88 / e-mail: media.relations@roche.com
   Hans Trees, PhDPhone: +41 79 407 72 58
    Sileia UrechPhone: +41 79 935 81 48
    Nathalie AltermattPhone: +41 79 771 05 25
    Lorena CorfasPhone: +41 79 568 24 95
    Simon GoldsboroughPhone: +44 797 32 72 915
    Karsten KleinePhone: +41 79 461 86 83
    Nina MählitzPhone: +41 79 327 54 74
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    Yvette PetillonPhone: +41 79 961 92 50
    Dr Rebekka SchnellPhone: +41 79 205 27 03
   Roche Investor Relations
   Dr Bruno EschliPhone: +41 61 687 52 84e-mail: bruno.eschli@roche.com
    Dr Sabine BorngräberPhone: +41 61 688 80 27e-mail: sabine.borngraeber@roche.com
  Dr Birgit MasjostPhone: +41 61 688 48 14e-mail: birgit.masjost@roche.com
   Investor Relations North America
   Loren KalmPhone: +1 650 225 3217e-mail: kalm.loren@gene.com
  
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   Communications appendix tables_Q1 2025 Sales