Who Owns Avastin?
Avastin (bevacizumab) is owned by Roche (SIX: ROG; OTCQX: RHHBY), a publicly traded Swiss multinational pharmaceutical and diagnostics company headquartered in Basel, Switzerland. Avastin was developed by Genentech, a Roche subsidiary headquartered in South San Francisco, California. The FDA approved Avastin on February 26, 2004, for metastatic colorectal cancer, making it the first anti-VEGF therapy approved for cancer. Avastin reached peak global sales of approximately $7.1 billion in 2019. The FDA approved the first bevacizumab biosimilar, Mvasi (Amgen), in September 2017, and multiple additional biosimilars have since been approved.
Parent Company
Roche
Founded
2004
Status
Publicly Traded
Headquarters
Basel, Basel-Stadt, Switzerland
Who Owns Avastin?
- Parent Company: Roche
- Ownership Type: Brand division
- Company Type: Publicly Traded
- Stock Ticker: SIX: ROG
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Avastin | Roche | Brand division |
History of Avastin
- Founded: 2004
- Founders: Genentech Research Team
Avastin's development originated from research at Genentech into tumor angiogenesis, the process by which tumors stimulate the growth of new blood vessels to supply themselves with oxygen and nutrients. Scientists at Genentech, building on foundational research by Dr. Judah Folkman at Harvard Medical School, identified vascular endothelial growth factor (VEGF) as a key driver of tumor angiogenesis and developed bevacizumab, a humanized monoclonal antibody that binds to and neutralizes VEGF.
By blocking VEGF, bevacizumab prevents tumors from forming new blood vessels, effectively starving them of the oxygen and nutrients they need to grow and spread. This mechanism of action, known as anti-angiogenesis, was a novel approach to cancer treatment that targeted the tumor's blood supply rather than the tumor cells themselves.
Genentech conducted clinical trials demonstrating that bevacizumab, when added to standard chemotherapy, significantly improved survival in patients with metastatic colorectal cancer. The FDA approved Avastin on February 26, 2004, for the first-line treatment of metastatic colorectal cancer in combination with intravenous 5-fluorouracil-based chemotherapy. This made Avastin the first anti-VEGF therapy approved for cancer and one of the first anti-angiogenesis drugs approved for clinical use.
Following the initial colorectal cancer approval, Avastin received FDA approvals for multiple additional cancer indications. The FDA approved Avastin for non-small cell lung cancer in 2006, for HER2-negative metastatic breast cancer in 2008 (later withdrawn in 2011 after the FDA determined that the clinical benefit did not outweigh the risks), for glioblastoma (brain cancer) in 2009, for metastatic renal cell carcinoma (kidney cancer) in 2009, for cervical cancer in 2014, and for ovarian, fallopian tube, and peritoneal cancers in 2016. These multiple approvals made Avastin one of the most broadly approved cancer drugs in history.
Avastin became one of the best-selling cancer drugs in the world, reaching peak global sales of approximately $7.1 billion in 2019. The drug's commercial success reflected both its broad label across multiple cancer types and its status as a standard component of treatment regimens for several major cancers.
Avastin's U.S. patents began expiring in the mid-2010s, and the FDA approved the first bevacizumab biosimilar, Mvasi (bevacizumab-awwb, Amgen), in September 2017. This was a landmark approval, as Mvasi was the first biosimilar approved for cancer treatment in the United States. Multiple additional bevacizumab biosimilars have since been approved, including Zirabev (Pfizer), Alymsys (Amneal), Vegzelma (Celltrion), and others. The entry of biosimilars has significantly reduced Avastin's market share and revenues.
Despite biosimilar competition, Avastin and its biosimilar equivalents remain important components of treatment regimens for multiple cancers, including colorectal, lung, ovarian, and cervical cancers. The anti-VEGF mechanism of action that Avastin pioneered has also been validated by the development of other anti-VEGF therapies, including oral VEGF receptor inhibitors and other anti-VEGF antibodies.
About Roche
Roche operates through two main business divisions: Pharmaceuticals and Diagnostics, creating a unique integrated healthcare company that combines treatment and diagnostic capabilities. This dual focus enables Roche to deliver personalized healthcare solutions, matching patients with the most effective treatments based on diagnostic information and molecular characteristics.
The Pharmaceuticals division develops and manufactures prescription medicines across multiple therapeutic areas, with particular strength in oncology, immunology, neuroscience, infectious diseases, and rare diseases. Roche's pharmaceutical portfolio includes both established blockbuster products and innovative new treatments that address significant unmet medical needs. The division maintains a global research and development network with facilities across multiple continents, investing billions annually in pharmaceutical innovation, clinical trials, and regulatory approvals.
The Diagnostics division produces laboratory testing systems, molecular diagnostics, and point-of-care testing devices that support healthcare professionals in disease detection, monitoring, and treatment selection. Roche's diagnostic capabilities include automated laboratory systems, molecular testing platforms, and digital health solutions. The division's integrated approach with pharmaceuticals creates unique advantages in personalized medicine, enabling precise treatment selection based on diagnostic information.
Roche's business philosophy emphasizes innovation, patient-centricity, and sustainable value creation. The company maintains a strong focus on research and development, with approximately 20% of pharmaceutical revenues invested in R&D activities. This investment supports a robust pipeline of new treatments and diagnostic solutions, with 10 key molecules advancing into phase III development in 2025 alone.
Financial performance in 2025 demonstrated the strength of Roche's integrated business model. The company reported 7% sales growth at constant exchange rates to CHF 61.5 billion, with the Pharmaceuticals Division achieving 9% growth and the Diagnostics Division growing 2%. Core operating profit increased by 13%, reflecting operational efficiency and strong demand for both pharmaceutical and diagnostic solutions.
Key growth drivers in 2025 included Phesgo for breast cancer, Xolair for food allergies, Ocrevus for multiple sclerosis, Hemlibra for hemophilia A, and Vabysmo for severe eye diseases. These products demonstrate Roche's strength across multiple therapeutic areas and its ability to deliver innovative treatments that address significant patient needs.
Looking toward 2026, Roche expects Group sales growth in the mid single digit range and core earnings per share growth in the high single digit range at constant exchange rates. The company plans to further increase its dividend to CHF 9.80 per share, which would mark the 39th consecutive dividend increase if approved by shareholders. For 2026, Roche is shifting focus from consolidation to optimization, emphasizing internal pipeline development and R&D process improvements to enhance productivity and decision-making.
Roche's strategic priorities include investing in programs with potential to redefine care standards, particularly in oncology, neuroscience, and immunology. The company maintains a $10 billion annual budget for potential acquisitions and partnerships, prioritizing strategic fit and scientific differentiation over transaction size. This approach reflects Roche's commitment to long-term value creation and sustainable growth while maintaining operational discipline.
- Founded: 1896
- Headquarters: Basel, Switzerland
- Company Type: Publicly Traded
- Stock: SIX: ROG
- Revenue: CHF 61.5 billion (FY2025)
- Employees: Approximately 101,000
Where Is Avastin Made / Based?
- Headquarters: Basel, Basel-Stadt, Switzerland
- Manufacturing / Operations: United States, Switzerland, Germany
Avastin Sustainability & Ethics
Avastin's environmental profile is reported under Roche's corporate sustainability disclosures. Roche has committed to reducing its carbon emissions by 50% by 2030 compared to a 2019 baseline and to achieving net zero emissions by 2040. These targets cover Roche's pharmaceutical and diagnostics manufacturing operations globally, including Genentech's biomanufacturing facilities in Vacaville, California, and Roche sites in Switzerland and Germany that produce Avastin.
Avastin is manufactured through large-scale cell culture biomanufacturing using Chinese hamster ovary (CHO) cells. Biologic manufacturing is water and energy intensive. Roche publishes an annual sustainability report that includes facility-level energy, water, and waste data. Avastin production sites fall within Roche's scope 1 and scope 2 emissions reporting. Roche does not publish product-level environmental footprints for individual medicines.
Roche has faced recurring criticism from oncology patient advocacy groups and healthcare payers regarding the pricing of Avastin. As one of the best-selling cancer drugs in history, Avastin's list price in the United States was subject to significant scrutiny prior to biosimilar entry. Roche has operated patient assistance programs for Avastin throughout its commercial life. With multiple biosimilars now approved and priced at material discounts to the reference product, affordability pressure on Avastin specifically has diminished as biosimilar adoption has grown.
Avastin holds no independent third-party sustainability certification at the brand or product level as of June 2026.
Awards & Recognition
Avastin's most significant recognition events are its regulatory approvals and its published clinical trial results. The FDA's approval of Avastin on February 26, 2004, for metastatic colorectal cancer represented the first approval of an anti-VEGF therapy for cancer anywhere in the world. The European Medicines Agency approved bevacizumab in January 2005.
The pivotal Phase 3 colorectal cancer trial results supporting FDA approval were published in the New England Journal of Medicine in 2004, co-authored by Genentech researchers. Subsequent approvals in lung cancer (2006), glioblastoma (2009), renal cell carcinoma (2009), cervical cancer (2014), and ovarian cancer (2016) each required independent Phase 3 or accelerated approval trial data published in peer-reviewed journals.
Avastin's approval as the first anti-angiogenesis drug in cancer validated Dr. Judah Folkman's foundational research from the early 1970s into tumor angiogenesis, which had been controversial in the scientific community for decades before Avastin's clinical success.
The FDA's approval of Mvasi (Amgen, bevacizumab-awwb) in September 2017 was the first biosimilar approved for cancer treatment in the United States. Avastin being the reference product for the first oncology biosimilar approval is a documented milestone in U.S. pharmaceutical regulatory history.
Avastin Recalls & Controversies
Avastin has faced several significant controversies and safety concerns throughout its history, primarily related to safety warnings, indication withdrawals, and pricing issues.
Breast Cancer Indication Withdrawal (2011): The FDA withdrew Avastin's approval for HER2-negative metastatic breast cancer in 2011 after determining that the clinical benefit did not outweigh the risks in that setting. This withdrawal was highly controversial and created reputational concerns about Avastin's risk-benefit profile.
Serious Side Effects: Avastin carries significant safety warnings for serious adverse events including hypertension, proteinuria, bleeding, arterial thromboembolic events, and gastrointestinal perforation. These safety concerns require careful patient selection and monitoring, limiting use in patients with certain risk factors.
Off-Label Use Controversy: Avastin has been used off-label for age-related macular degeneration (AMD) in eye disease, which has been controversial due to safety concerns and the development of specifically formulated eye treatments. This off-label use has created medical and regulatory debates.
Pharmaceutical Pricing Criticism: Avastin's pricing as a specialty biologic therapy has faced criticism from patient advocacy groups and healthcare systems concerned about the affordability of cancer treatments. The high cost of biologic therapies has created access barriers for some patients.
Biosimilar Competition Impact: The entry of multiple bevacizumab biosimilars has created significant competitive pressure, fundamentally changing Avastin's commercial trajectory and raising questions about the sustainability of high-priced biologic therapies.
Clinical Efficacy Debates: Some oncologists have questioned Avastin's efficacy in certain indications, particularly as newer targeted therapies and immunotherapies have emerged with stronger efficacy profiles in some cancer types.
Manufacturing Complexity: As a biologic therapy, Avastin's complex manufacturing process has occasionally faced production challenges that have affected supply, highlighting the vulnerabilities of biologic drug production systems.
Brands Owned by Roche
- Accutane - Prescription isotretinoin brand developed by Roche and approved by the FDA in 19...
- Activase - Activase (alteplase) is a prescription thrombolytic medication manufactured by G...
- CellCept - Prescription immunosuppressant medication for preventing organ rejection in tran...
- Herceptin - Groundbreaking HER2-targeted biologic cancer therapy (trastuzumab) developed by ...
- Kadcyla - Roche's HER2-targeted antibody-drug conjugate (ado-trastuzumab emtansine, T-DM1)...
- Perjeta - Roche's HER2-targeted biologic (pertuzumab) developed by Genentech, FDA approved...
- Rituxan - Roche's anti-CD20 chimeric monoclonal antibody (rituximab) co-developed by Genen...
- Tamiflu - Oseltamivir antiviral medication invented by Gilead Sciences and licensed to Roc...
- Tarceva - Roche's first-generation EGFR tyrosine kinase inhibitor (erlotinib) co-developed...
- Tirosint - IBSA Institut Biochimique SA's branded levothyroxine softgel capsule (Tirosint) ...
- Xeloda - Roche's oral fluoropyrimidine chemotherapy (capecitabine) developed by Genentech...
Avastin Ownership: Pros & Cons
Advantages
- +Avastin's broad label across multiple cancer types, including colorectal, lung, brain, kidney, cervical, and ovarian cancers, provides multiple revenue streams and ensures continued clinical relevance across a wide range of oncology settings
- +The anti-VEGF mechanism of action that Avastin pioneered has been validated by decades of clinical use and remains a standard component of treatment regimens for several major cancers, providing durable clinical demand for bevacizumab
- +Roche's global manufacturing infrastructure and established supply chain for bevacizumab provide reliable product availability across both developed and developing markets, including markets where biosimilars have not yet achieved significant penetration
- +Avastin's peak global sales of approximately $7.1 billion in 2019 demonstrated the commercial potential of anti-VEGF therapy and funded Roche's continued investment in oncology research and development
- +The extensive clinical evidence base for Avastin, accumulated over more than 20 years of clinical use across multiple cancer types, provides a level of physician familiarity and confidence that supports continued use in clinical practice
Considerations
- -The approval of multiple bevacizumab biosimilars in the United States and other major markets, beginning with Mvasi (Amgen) in September 2017, has significantly eroded Avastin's market share and revenues, as biosimilars are typically priced at substantial discounts to the reference product
- -Avastin's withdrawal from the breast cancer indication in 2011, after the FDA determined that the clinical benefit did not outweigh the risks in that setting, created reputational concerns about the drug's risk-benefit profile that affected its commercial performance
- -Avastin's serious side effects, including hypertension, proteinuria, bleeding, arterial thromboembolic events, and gastrointestinal perforation, require careful patient selection and monitoring, limiting its use in patients with certain risk factors
- -The development of newer targeted therapies and immunotherapy combinations in several of Avastin's approved indications creates competitive pressure that may reduce Avastin's role in treatment algorithms over time
- -The loss of patent exclusivity and the entry of multiple biosimilar competitors have fundamentally changed Avastin's commercial trajectory, with revenues declining substantially from peak levels
Frequently Asked Questions About Avastin
Sources & Further Reading
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Avastin
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Merck | USA | 2014 | Premium | Global | All-ages | |
| Roche | USA (Genentech) | 1998 | Premium | Global | All-ages | |
| Roche | USA (Genentech) | 2012 | Premium | Global | Womens | |
| Roche | USA (Genentech) | 1997 | Premium | Global | All-ages |
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Herceptin
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Groundbreaking HER2-targeted biologic cancer therapy (trastuzumab) developed by Genentech and owned by Roche, FDA approved September 25, 1998, that transformed the treatment of HER2-positive breast cancer and now faces biosimilar competition from multiple approved alternatives.

Perjeta
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Roche's HER2-targeted biologic (pertuzumab) developed by Genentech, FDA approved June 8, 2012, that targets a different HER2 domain than Herceptin and is used in combination with Herceptin and chemotherapy for HER2-positive breast cancer in both metastatic and early-stage settings.

Rituxan
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Roche's anti-CD20 chimeric monoclonal antibody (rituximab) co-developed by Genentech and IDEC Pharmaceuticals, FDA approved November 26, 1997, as the first monoclonal antibody approved for cancer treatment, now facing biosimilar competition from Truxima, Ruxience, and Riabni.
Competitive Analysis
Market Positioning: Avastin competes with 4 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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