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Friday 21.09.2018 | Name days: Matīss, Modris, Mariss

Pharmacy giants rivalry unveiled

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RUDue to the fact that the company Roche Holding AG founders have lost voting majority at the board of directors, analysts do not rule out the likelyhood that the company will be sold soon.

On March 25, Maya Oeri, the successor of Roche founder Fritz Hoffman la Roche, resolved to single-handedly take decisions regarding her 5% shares in the company. In this way, the Roche family lost controlling interest with the number of shares falling to 45.01%, reports the newspaper Investgazeta.

This event led to active discussions that another pharmacy giant – Novartis – could increase its influence over the company by acquiring part of the company’s shares, as it already holds 33% shares in Roshe.

Roshe’s vice president Andre Hoffman denies the possibility to sell the company, indicating both companies’ strategies are too different.

Novartis is focussing on eye care medicines and generic drug development. While Roche has turned to the pharmaceutical diagnosis, says Hoffman.

Despite the Roche family representatives’ conviction, experts believe the merger of both pharmaceutical giants is likely in the nearest future.


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