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Roche's CEO Hosts Merger And Acquisition Call (Transcript)

Roche (RHHBY.PK)

Merger and Acquisition Call

January 25, 2012, 07:00 a.m. ET

Executi ve s

Severin Schwan - CEO, Roche Group

Alan Hippe - Chief Financial and IT Officer

Dan O'Day - Diagnostics Division, COO and Member of the Roche Corporate Executive Committee

Analyst s

Sachin Jain - Bank of America/Merrill Lynch

Gbola Amusa - UBS

Bill Quirk - Piper Jaffray

Quintin Lai - Robert W. Baird

Vincent Meunier - Exane BNP Paribas

Alexandra Hauber - JP Morgan

Luisa Hector - Crédit Suisse

Michael Leacock - RBS

Keyur Parekh - Goldman Sachs


Severin Schwan

Welcome to everybody, and thank you for joining our call, which is going to last for about one hour. This is Severin speaking, and with me today, Alan Hippe, our Chief Financial Officer; and Dan O’Day, Chief Operating Officer of Roche Diagnostics.

Illumina is a great successful company, and we are excited to share with you the background of this planned acquisition. At the beginning, just let me shortly put this transaction into context. An important element of today’s success of Roche Diagnostics is our breadth and depth of various key measuring technologies. They allow us to develop and market a broad range of diagnostic tests from molecular diagnostics to serum work area or tissue diagnostic testing. The completeness of our offering is important, both for our customers and Roche.

Over the years, we have developed a number of high-tech platforms, both internally and also as you can see on Page 4, by acquiring a number of key technologies. And we believe that sequencing is and will continue to be an increasingly important technology as we go forward.

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