Roche Holding AG is considering options for its diabetes-care business including a sale, Bloomberg reported, citing people familiar with the matter.
The alternatives for the unit could include a partial sale or spinoff and the sale could fetch as much as $5 billion, Bloomberg also reported.
The Swiss drugmaker had said last year that it has no plans to sells its diabetes testing business.
Johnson & Johnson said last week that it is looking to divest its diabetes division, while Bayer AG sold its diabetes business to KKR and Panasonic in 2015, for $1.1 billion.
Roche was not immediately available for comment outside regular business hours.
By Parikshit Mishra
Source: Reuters
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