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Roche Could Have Buyer For OTC Unit By Early Summer

This article was originally published in The Tan Sheet

Executive Summary

Potential suitors for Roche's consumer health unit will lay out their strategy for the business next month as the divestiture process of the OTC division picks up speed

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Roche OTC sales

First quarter revenues were up 5% in local currencies to $328 mil., Swiss firm announces April 21. Excluding Chugai OTCs in Japan, sales were ahead 8% in local currencies, outpacing the market, Roche added. The increase was driven by solid growth in core markets Spain, the UK, Brazil and Turkey. A decision on the divestiture of the Consumer Health group is expected in the second half, the firm said. Roche could have a buyer for the business by early summer (1"The Tan Sheet" March 22, 2004, p. 7)...

Roche OTC sales

First quarter revenues were up 5% in local currencies to $328 mil., Swiss firm announces April 21. Excluding Chugai OTCs in Japan, sales were ahead 8% in local currencies, outpacing the market, Roche added. The increase was driven by solid growth in core markets Spain, the UK, Brazil and Turkey. A decision on the divestiture of the Consumer Health group is expected in the second half, the firm said. Roche could have a buyer for the business by early summer (1"The Tan Sheet" March 22, 2004, p. 7)...

Roche OTC sales

First quarter revenues were up 5% in local currencies to $328 mil., Swiss firm announces April 21. Excluding Chugai OTCs in Japan, sales were ahead 8% in local currencies, outpacing the market, Roche added. The increase was driven by solid growth in core markets Spain, the UK, Brazil and Turkey. A decision on the divestiture of the Consumer Health group is expected in the second half, the firm said. Roche could have a buyer for the business by early summer (1"The Tan Sheet" March 22, 2004, p. 7)...

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