Swiss stocks - Factors to watch on Sept 25

Zwahlen Et Mayr SA

25/09/2015 07:14

ZURICH, Sept 25 (Reuters) - The Swiss blue-chip SMI  .SSMI  
was seen opening up 1.19 percent  at 8,377 points on Friday, 
according to premarket indications by bank Julius Baer 
 JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks on Friday. 
     
    NOVARTIS  NOVN.VX  
    The drugmaker named Harvard Medical School cancer specialist 
James Bradner as head of biomedical research with a seat on its 
executive committee as of March 2016. Bradner succeeds Mark 
Fishman, who is retiring after a 13-year stint leading the Swiss 
company's drug discovery and early clinical development efforts. 
 ID:nFWN11T02Q  
     NOVN.VX  
       
    SWISS RE  SRENH.VX  
    Standard & Poor's said its counterparty credit and insurer 
financial strength ratings on Swiss Reinsurance Co Ltd 
(AA-/Stable/A-1+) and its core subsidiaries are unaffected by 
the group's announcement that its Admin Re business unit will 
buy U.K.-based Guardian Holdings Europe Ltd. 
     SRENH.VX  
     
    NOVARTIS  NOVN.VX  
    Novartis' new heart failure medicine Entresto has been 
recommended for approval in Europe by a review body, the company 
said, putting Entresto on track for approval for patients with 
symptomatic chronic heart failure and reduced ejection fraction 
across Europe by year end.  ID:nFWN11U01A  
     NOVN.VX  
     
    ROCHE  ROG.VX   
    Roche head Severin Schwan is convinced that Roche can hold 
on to its top position in cancer treatment. "We're the number 
one in oncology. If we want to keep it that way, we have to 
invest where science promises the greatest successes," he told 
Swiss newspaper "Finanz und Wirtschaft." "Everything has worked 
so far this year, especially with important medications like 
Atezolizumab and Ocrelizumab, which have high potential. Our 
pipeline is significantly less risky than it was at the 
beginning of the year." 
     ROG.VX  
     
    COMPANY STATEMENTS  CPR-CH  
    * ARYZTA AG  ARYN.VX  said it intends to sell 36.3 million 
ordinary shares in Origin Enterprises plc  OGN.I , or roughly 29 
percent of existing issued ordinary shares, through an 
institutional investors placing by joint bookrunners J&E Davy 
and Goodbody Stockbrokers. This marks the sale of all ARYZTA's 
remaining Origin shares, according to Reuters data, after the 
Swiss company announced the sale of 49 million Origin shares in 
March.  ARYN.VX  
    *Zwahlen et Mayr SA  ZWM.S  will soon have Luigi Mion as new 
chief executive at the helm, the steel and metal company said as 
it announced a  half-year net loss of 2.8 million Swiss francs  
($2.86 million), and Jean-Claude Badoux immediately resigns as 
chairman.  ZWM.S  
    * Perfect Holding SA  PRFN.S  posted a net loss of 0.6 
million francs in the half-year, almost unchanged from a year 
ago.  PRFN.S  
    * Airopack Technology Group AG  AIRN.S  saw a net loss of 
4.209 million Euros  ($4.70 million) in the half-year but 
expects an ongoing positive evolution of sales and results. In a 
separate announcement, the company said it intends to acquire 
part of Belgian cosmetics manufacturer Proficos' activities 
pending local court approval, for completion in early October. 
 AIRN.S  
    * A U.S. appeals courts upheld Shire's  SHP.L  patents for 
its top-selling Vyvanse, thwarting Novartis's  NOVN.VX  Sandoz 
unit and four other drug makers' ambitions of bringing generic 
versions of the hyperactivity drug onto the U.S. market before 
2023.  ID:nL1N11U23Z   NOVN.VX  
     
    ECONOMY  M-CH  
 
($1 = 0.9790 Swiss francs) 
 
($1 = 0.8953 euros) 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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