Roche – with the full name F. Hoffmann-La Roche AG – originates from and is headquartered in Basel, Switzerland, where it was established in 1896. It is interesting that another pharmaceutical giant – Novartis – is also based in Basel, making the city with a population of roughly 200 thousand a center of the global pharmaceutical industry. Already in the early 1980s, the company started focusing on genetic engineering, however it was the acquisition of U.S. company Genentech in 2009 – still one of the all-time largest pharmaceutical M&A deals – that made Roche a biotech heavyweight. Today, Roche is especially active in cancer therapies which generate 45 percent of the company’s pharmaceutical revenues. Among others, key areas are immunology and neuroscience. Besides pharmaceuticals, Roche is involved in the diagnostics segment, with a focus on in-vitro diagnostics. Thus, Roche is also a medical device company. During the pandemic, Roche Diagnostics successfully produced and marketed a variety of COVID-19 tests.
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