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Results tagged “biotechnology”

Genentech Goes Roche?

South San Francisco biotechnology company Genentech, makers of some of the world's most boring prescription drugs ever (e.g., supplementary growth hormones Protropin and Nutropin, clot-busting pill TNKase, non-Hodgkins lymphomas treatment Rituxan, and zzzzzzz) might be bought out by Swiss drug company Roche. The European pill-pushers are offering the Bay Area company a whopping $43.7 billion. Genentech, though, is expected "to refuse the bid and strive to remain independent." Or, most likely, turn this offer down and strive to get a higher one. more ›

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