Roche Denies Diabetes Sale Rumors

Feb 03, 2017

Reuters

Roche has dismissed recent reports that said the drugmaker was considering exiting the diabetes business.

Instead, Roche is looking to expand its $2 billion-per-year diabetes biz -- not sell it or spin it off, said Diagnostics division head Roland Diggelmann.

Rumors started after Bloomberg reported that Roche was open to a possible spin-off or a partial stake sale of its diabetes care unit, claiming that private equity players and medical device makers had expressed interest in acquiring the business.

Despite Roche's 5% decline in revenues for the unit, Roche says that it remains committed to diabetes care.

Read the Reuters coverage

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