1117 GMT - Roche Holding's first-quarter update is likely to show a significant drag from currency movements, UBS analysts say in a research note. The Swiss drugmaker has flagged a 9% hit on sales from foreign exchange in the first quarter, moderating to 4% for the year as a whole if current rates are maintained, according to UBS. Among Roche's key drugs, Ocrevus for multiple sclerosis and Hemlibra for hemophilia are expected to deliver solid performances, with a more subdued result for its Vabysmo eye medicine in the U.S, the analysts say. Investors are looking to a recovery in U.S. Vabysmo growth, but UBS says it only expects a modest recovery given limited patient funding from copay assistance foundations. Shares rise 0.85%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
April 10, 2026 07:17 ET (11:17 GMT)
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