1 2 focusing on differentiated medicine roche s position in the changing healthcare environment sanford c bernstein 20th annual strategic decisions conference franz b humer ceo new york june nd 2004 r 3 this presentation contains certain forward looking statements these may be identified by words such as believes expects anticipates projects intends should seeks estimates future or similar expressions discussion of strategy goals plans intentions various factors cause actual results to differ materially from those reflected contained among others pricing and product initiatives competitors legislative regulatory developments economic conditions delay inability obtaining approvals bringing products market 4 fluctuations currency exchange rates general financial 5 uncertainties discovery development marketing uses existing 6 increased government pressures 7 interruptions production 8 loss obtain adequate protection for intellectual property rights 9 litigation 10 key executives other employees 11 adverse publicity news coverage marketed discussed
