NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Roche Holding AG (“Roche” or the “Company”) (OTCQX:RHHBY).
The investigation focuses on whether the Company and its executives violated federal securities laws by misrepresenting the efficacy and cost-effectiveness of its Perjeta-based breast cancer treatment. Specifically, on June 5, 2017, the Company announced reports of an early study comparing the benefits provided to cancer patients when using a combination of Perjeta and the Company’s older cancer drug, Herceptin, versus using Herceptin alone. The study results showed that the combination therapy only provides a marginal benefit compared to Herceptin alone even though the combined therapy has a yearly cost that is double that of the Herceptin treatment. On this news, the Company’s stock dropped as much as 8% during intraday trading on June 5, 2017.
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