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News Summary: US flu season helped Roche in 1Q

The Associated Press

THE NEWS: Roche Holding AG said strong sales of new cancer drugs and a severe U.S. flu season helped lift first-quarter revenue 6 percent.

THE NUMBERS: The Swiss drugmaker reported sales of 11.56 billion Swiss francs ($12.4 billion) during the first three months of the year, up from 11.03 billion francs in the same period last year.

THE OUTLOOK: Roche expects to meet its full-year targets for 2013, including group sales in line with last year's 4 percent growth. Unlike many of its major competitors, the company benefits from having strong sellers whose patents are not expiring soon.