rob hutchison 3

October 18, 2012 By Leave a Comment

Hutchison: ""Roche right now gets around $6 billion a year in revenue from that drug. When it comes off patent and you get what they call biosimilars or generics enter the market, they lose about two-thirds of their annual revenue on that drug. So they may go from about $6 billion to $2 billion annually. So if we can extend their Herceptin patent runway for them for another twenty years, therein lies the incredible value."

Hutchison: “”Roche right now gets around $6 billion a year in revenue from that drug. When it comes off patent and you get what they call biosimilars or generics enter the market, they lose about two-thirds of their annual revenue on that drug. So they may go from about $6 billion to $2 billion annually. So if we can extend their Herceptin patent runway for them for another twenty years, therein lies the incredible value.”

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About Nick Waddell

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.