Marjan Daeipour - Specialist Sales - European Healthcare AC (44 20) 7134-1329 marjan.daeipour@jpmorgan.com J.P. Morgan Securities plc Europe Specialist Sales 23 July 2026 J P M O R G A N Roche: H1 Call Highlights - Talking Up Giredestrant Marjan Daeipour +44 207 134 1329 marjan.daeipour@jpmorgan.com Shares are up c. 4.5% at the time of writing. Rally reflects i) confident tone with mgmt talking up Giredestrant with 9- 10bn peak opp; and, ii) some intra-Swiss rotation given pullbacks in Nestle and Givaudan. ...