Roche CEO Says Company Is Losing Money in Russia, Tages-Anzeiger Reports
March 29 2022 - 7:00AM
Dow Jones News
--Roche Holding is losing money in Russia because medicine
prices are set in rubles, Chief Executive Severin Schwan tells
Swiss newspaper Tages-Anzeiger in an interview.
--The CEO said the company has a responsibility to the patients
who are depending on its medicines, and that it has 800 workers in
Russia, though no production sites, the newspaper reports.
--Roche said in a statement that about 1% of group sales are
generated in Russia.
Full story in German: https://bit.ly/35j0WLx
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
March 29, 2022 06:45 ET (10:45 GMT)
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