BUSINESS: Roche acquires Genentech for $46.8B


Leading biotech company Roche, parent company of Roche Molecular Diagnostics in Pleasanton, annouced yesterday that it has reached an agreement to purchase San Francisco-based Genentech for $46.8 billion.

The merger means Swiss drugmaker Roche will acquire Genentech for $95 per share.

In a statement released by Roche, the company says the merger will make Roche the seventh largest U.S. pharmaceuticals company in terms of market share. The combined company's U.S. commercial operations in pharmaceuticals will operate under the Genentech name.

Roche is a world leader in in-vitro diagnostics and drugs for cancer and transplantation.

--Janet Pelletier


Sorry, but further commenting on this topic has been closed.

Couples: Engaged on Valentine’s Day! Topics to Discuss
By Chandrama Anderson | 2 comments | 5,675 views

Great rankings for Pleasanton high schools
By | 39 comments | 1,020 views

Livermore veteran, 96, has reason to be proud
By Jeb Bing | 2 comments | 576 views