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Sept. 18, 2020, 7:42 a.m. EDT

Shares of Roche gain as it says arthritis drug can lessen need for ventilators in COVID-19 patients

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By Jaimy Lee

Shares of Roche Holding AG /zigman2/quotes/206324342/delayed CH:ROG +0.35% gained 1.9% in premarket trading on Friday after the drug maker said hospitalized COVID-19 patients taking rheumatoid arthritis drug Actemra were less likely to need mechanical ventilation than those receiving placebo. The Phase 3, randomized, double-blind, placebo-controlled study focused on enrolling minority patients with COVID-19-related pneumonia; there are 389 participants enrolled in the trial. However, the drug did not lead to a difference in mortality, Roche said. Roche is also testing Actemra with Gilead Sciences Inc.'s /zigman2/quotes/210293917/composite GILD +0.08% remdesivir, which is the only new drug to receive an emergency use authorization from the Food and Drug Administration as a COVID-19 treatment during the pandemic. Earlier this week Eli Lilly & Co. /zigman2/quotes/200106384/composite LLY -6.92% and Incyte Corp. /zigman2/quotes/204510994/composite INCY -2.31% said their rheumatoid arthritis drug Olumiant when paired with remdesivir shortened recovery time for hospitalized coronavirus patients. Both findings, neither of which have been published yet in a peer-reviewed medical journal, for the first time in months point to a clinical benefit for rheumatoid arthritis drugs when treating some COVID-19 patients after a series of setbacks over the summer. Shares of Roche have gained 16.4% so far this year. Shares of Roche have gained 16.4% so far this year, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.30% is up 3.9%.

/zigman2/quotes/206324342/delayed
CH : Switzerland: SWX
CHF 300.75
+1.05 +0.35%
Volume: 2.36M
Oct. 27, 2020 5:31p
P/E Ratio
20.10
Dividend Yield
2.99%
Market Cap
CHF256.31 billion
Rev. per Employee
CHF601,914
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/zigman2/quotes/210293917/composite
US : U.S.: Nasdaq
$ 60.01
+0.05 +0.08%
Volume: 7.70M
Oct. 27, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
4.53%
Market Cap
$75.17 billion
Rev. per Employee
$2.02M
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/zigman2/quotes/200106384/composite
US : U.S.: NYSE
$ 131.90
-9.80 -6.92%
Volume: 11.37M
Oct. 27, 2020 4:03p
P/E Ratio
21.59
Dividend Yield
2.24%
Market Cap
$135.53 billion
Rev. per Employee
$634,842
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/zigman2/quotes/204510994/composite
US : U.S.: Nasdaq
$ 88.35
-2.09 -2.31%
Volume: 771,012
Oct. 27, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$19.78 billion
Rev. per Employee
$1.38M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,390.68
-10.29 -0.30%
Volume: 2.38B
Oct. 27, 2020 5:20p
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