Swiss stocks – Factors to watch on July 9

July 9 (Reuters) – The following are some of the main factors expected to affect Swiss stocks on Friday:

ROCHE (ROG.VX)

Roche’s blockbuster cancer drug Avastin has been spurned once again by Britain’s health cost watchdog NICE, this time as a treatment for breast cancer.

For related news, click on [ROG.VX]

ECONOMY [M-CH]

COMPANY STATEMENTS [CNR-CH]

* Ems-Chemie (EMSN.S) achieved significantly higher net sales and a more than doubled net operating income in the first half-year. [EMSN.S]

EQUITY RESEARCH [CH-RCH]

FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:

.EX.S for all Swiss stocks

.EXSMI.S for blue chips

.EXNSMI.S for other stocks

UPDATE 1-Roche wins wider EU label for arthritis drug

June 8 (Reuters) – Roche (ROG.VX) said on Tuesday the European Commission had extended the label for its drug Roactemra to reduce the rate of progression of joint damage and improve physical function in patients with rheumatoid arthritis, when given in combination with the older drug methotrexate.

The move had been expected following a positive recommendation from the European Medicines Agency in April.

The drug, which is known as Actemra in the United States, is currently approved for use in combination with methotrexate to treat adults with moderate to severe rheumatoid arthritis who respond inadequately to other treatments.

The new label extension is a recognition that Roactemra can also inhibit structural damage to joints, reinforcing its effectiveness.

(Writing by Ben Hirschler)

Roche’s Humer said to have had Genentech buy doubts

NEW YORK (Reuters) – Roche Chairman Franz Humer, the driving force behind the company’s acquisition of the 44 percent of Genentech it did not already own, apparently did not always think that was good idea.

David Mott, who was chief executive of MedImmune when it was acquired by AstraZeneca (AZN.L), said on Tuesday that he had sought Humer’s advice in 2007 as Mott pondered his future with AstraZeneca shortly after that $15.6 billion deal was announced.

“Our model is a lot like your model with Genentech. We’re going to have an independent operating entity and run it that way,” Mott recalled telling Humer of his integration plan.

“He laughed at me and he said, ‘it will never work because if we owned all of Genentech we would kill it’,” Mott said Humer told him at the time.

“‘We wouldn’t be able to resist tinkering and playing with it and AZ owns all of you, so they say it’s going to be independent but we’d never be able to have that discipline,’” Mott said, quoting Humer.

Mott, who left AstraZeneca a year later, was speaking on a panel at the Windhover Pharmaceutical Strategic Outlook conference at a New York hotel when he related his anecdote about the then CEO of Roche Holding AG (ROG.VX). Mott is currently general partner of venture capital firm New Enterprise Associates.

Roche now believes it can resist the kind of tinkering that might kill the golden goose.

Current Roche management, including Humer and new CEO Severin Schwan, have insisted they will preserve the informal California science-based culture at Genentech that has produced a remarkable number of innovative and lucrative medicines.

The nearly $47 billion deal made sense for Roche as it not only gives it full U.S. revenue from Genentech’s multibillion-dollar cancer drugs, such as Avastin and Herceptin, but fills out what had been a rather sparse developmental pipeline for the Swiss drugmaker.

Following the panel discussion on the ability of biotech companies to survive within big pharmaceutical companies, Mott was asked what he thought Humer might tell him today about Roche owning all of Genentech.

“That it’s going to work,” Mott said with a chuckle. “It’s pretty interesting with hindsight, isn’t it?”

(Reporting by Bill Berkrot; Editing by Tim Dobbyn)

Roche says Genentech’s Levinson to stay on board

LOS ANGELES (Reuters) – Roche Holding AG (ROG.VX), which last month acquired Genentech Inc, said on Tuesday that Arthur Levinson, the biotech company’s chief executive, would stay on as chair of a new Genentech board.

Levinson will no longer be CEO, but will be charged with steering integration of the two companies, serve as a scientific adviser and be nominated to the Roche board, the Swiss company said in a statement.

Roche has appointed several of its own executives to top non-research positions at Genentech as of May 1, including Pascal Soriot as CEO.

Roche said Susan Desmond-Hellmann, president of product development at Genentech, will hand over her responsibilities by mid-year, after which she will also act as an adviser to the company and join the scientific advisory board.

During the eight-month-long takeover battle that ended in March, Roche had said it expected Genentech senior management to stay on, but some shareholders and analysts have surmised that the biotech company’s prolific scientists and top managers would view the acquisition as an opportunity to leave.

Roche said Richard Scheller, executive vice president of Genentech research, will lead an independent research and development group within Roche, which will report directly to Chief Executive Severin Schwan.

Roche also said that William Burns, CEO of the Roche pharmaceutical group, will retire next January 1 and will also be nominated to the company’s board.

In addition, Marc Tessier-Lavigne, currently executive vice president of Genentech research drug discovery, will succeed Scheller as head of research and be appointed as Genentech’s chief scientific officer.

On the commercial side, Roche said Soriot, currently responsible for operations of the pharmaceutical division at Roche, will be appointed as CEO of Genentech, where he will lead all pharma activities in the United States.

Ian Clark, head of commercial operations at Genentech, will take over as head of global marketing and chief marketing officer for Roche’s entire pharmaceutical division.

Pat Yang will continue as head of technical operations at Genentech, while Hal Barron, currently head of Genentech development and chief medical officer, will become head of global development for oncology, immunology/tissue growth repair and virology.

Roche said David Ebersman, Genentech’s chief financial officer, and Steve Juelsgaard, chief compliance officer, will be leaving the company.

(Reporting by Deena Beasley, editing by Matthew Lewis and Tim Dobbyn, Gary Hill)

Djokovic riled by Murray’s Australian Open favourite tag

Melbourne, Jan.22 (ANI): Defending Australian Open champion Novak Djokovic has spoken out against the bookies’ decision to rate Andy Murray, the world’s fourth-ranked player, as equal favourite for the tournament alongside Roger Federer.

Djokovic, who eased through his second-round match against Jeremy Chardy in straight sets, believes that the three leading contenders for the title are the same players who won grand slam events last year: himself, Federer, and Rafael Nadal.

Asked whether he felt that Murray had overtaken him in the public imagination, Djokovic replied indignantly “What is his ranking against my ranking?”

“I have all respect for Murray. I like him as a person and as a player, but you cannot put him as one of the favourites next to Roger and Rafa and myself here at the Australian Open,” he added.
According to Fox Sports, Djokovic remains a long way ahead of Murray on rankings points, with 10,650 to Murray’s 7190. But he will lose a significant number of those if he does not repeat his 2008 feat of winning this tournament. (ANI)