Roche continues to look for obesity assets after Carmot deal-March 2024-www.financetom.com

Roche continues to look for obesity assets after Carmot deal

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Roche continues to look for obesity assets after Carmot deal

Jul 24, 2024 11:24 PM

FRANKFURT, July 25 (Reuters) - Roche's CEO said

the Swiss company is looking into potentially acquiring further

obesity drug development assets even after the $2.7 billion

Carmot Therapeutics takeover, agreed in December.

Speaking in a media call after the release of first-half

results, CEO Thomas Schinecker also said that 25% of projects in

the group's drug development pipeline had been stopped over the

last 12 months to shift resources to the most promising

projects. He took the helm in March 2023.

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