Swiss stocks - Factors to watch on Sept. 11
11/09/2017 05:55
ZURICH, Sept 11 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Monday.
NOVARTIS NOVN.S ROCHE ROG.S
Swiss drugmaker Novartis notched a trial win for its drug
cocktail against skin cancer on Monday, while a rival treatment
from Roche with slipping sales failed in a separate study with a
similar patient group. urn:newsml:reuters.com:*:nL5N1LR0R1
NESTLE NESN.S
Germany's Merck KGaA has hired JP Morgan to sell its
consumer health business, with Switzerland's Nestle among those
being sounded out as a potential buyer. urn:newsml:reuters.com:*:nL8N1LP4ZC
For more click NESN.S
SWISS RE SRENH.S
Walter Kielholz, chairman of the world's second-largest
reinsurer, told newspaper Schweiz am Wochenende it was still too
early to provide loss estimates for Hurricanes Harvery and Irma.
"Certainly, the size of damages will be large. Swiss Re will
also be affected by that," Kielholz said. Maximum claims payouts
and the tendency for premiums to rise after large events meant
natural catastrophes did not pose a large risk for Swiss Re as a
reinsurer, the 66-year-old said. SRENH.S
ROCHE
The drugmaker's ROG.S Genentech subsidiary said late on
Friday that a study of the Lampalizumab treament for age-related
macular degeneration, a form of blindness, did not meet its
primary endpoint. Analysts had forecast sales for the drug to
reach around 1.5 billion Swiss francs ($1.59 billion) by 2023,
though the trial raises questions about its potential.
urn:newsml:reuters.com:*:nASB0BIO5
For more news, click on ROG.S
COMPANY STATEMENTS CPR-CH
* Edisun Power Group ESUN.S said it has carried out a
capital increase of 5.1 million francs. ESUN.S
* Novartis NOVN.S said a five-year study of its Lucentis
eye medicine reconfirmed its effectiveness when compared to
Regeneron's REGN.O Eylea.
ECONOMY M-CH
The Swiss National Bank is due to release data on sight
deposits at 0800 GMT.
($1 = 0.9455 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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