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Roche: UBS still on hold

( - UBS believes that its IMbrave050 treatment is "clinically relevant but less commercially successful".

The broker maintains its neutral rating on the stock with an unchanged target price of 315 Swiss francs (cp: 294 Swiss francs, -0.2%).

Note that the phase III IMbrave050 study of Tecentriq plus Avastin in people with early-stage hepatocellular carcinoma (HCC) at high risk of recurrence after surgery met its primary endpoint.

In the interim analysis of this study, the Tecentriq-Avastin combination showed a statistically significant improvement in liver cancer recurrence-free survival compared to active surveillance.

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