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How Roche’s Herceptin and Kadcyla Performed in Q1 2018

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Herceptin’s revenue trends

Roche’s (RHHBY) Herceptin reported revenues of 1.77 billion Swiss francs in the first quarter compared to 1.76 billion Swiss francs in the first quarter of 2017, which reflected ~2.0% YoY (year-over-year) growth at constant exchange rates. In the fourth quarter of 2017, Herceptin reported revenues of 1.78 billion Swiss francs, which reflects a flat revenue trend compared to the first quarter.

In the United States, Europe, and Japan, Herceptin generated first-quarter revenues of 728.0 million Swiss francs, 551.0 million Swiss francs, and 59.0 million Swiss francs, respectively. These revenues represented ~13.0% growth, a 3.0% decline, and a 10.0% decline YoY, respectively.

The sales growth in the US market pushed Herceptin’s growth in the first quarter. Herceptin is used in the treatment of individuals with HER2-positive breast cancer and HER2-positive metastatic gastric or gastroesophageal junction adenocarcinoma.

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Kadcyla’s revenue trends

Roche’s Kadcyla generated revenues of 235.0 million Swiss francs in the first quarter, compared to 222.0 million Swiss francs in the first quarter of 2017, which reflected ~6.0% YoY growth and a 3.0% sequential decline.

In the United States, Europe, and Japan, Kadcyla generated first-quarter revenues of 86.0 million Swiss francs, 92.0 million Swiss francs, and 16.0 million Swiss francs, respectively, which reflected YoY growth of ~2.0%, 1.0%, and 1.0%.

In the international markets (outside the United States, Europe, and Japan), Kadcyla reported first-quarter revenues of 41.0 million Swiss francs, which reflected ~33.0% YoY growth.

The revenue growth in the international market primarily pushed Kadcyla’s revenue growth in the first quarter. Kadcyla is used for the treatment of HER2-positive metastatic breast cancer for patients who underwent prior therapy with Herceptin and taxane. In the HER2-positive metastatic breast cancer drugs market, Roche’s Herceptin competes with Novartis (NVS) Tykerb and Puma Biotechnology’s (PBYI) Nerlynx.

In the next article, we’ll discuss Roche’s HER2 drug Perjeta.

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