Deals
Roche’s Franz Says Impact of Franc Surge Largely Mitigated
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Roche Holding AG Chairman Christoph Franz said the impact of Switzerland abandoning its franc cap has been “substantially mitigated” for the Swiss drugmaker.
“In the case of Roche, there is a particular influence of the exchange rate -- the earthquake we had last week,” Franz said in an interview today at the World Economic Forum’s annual meeting in Davos, Switzerland. Less than 20 percent of Roche’s costs are in francs, he said. “There is some effect, but at the end of the day it’s a limited effect.”