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March 12, 2009

$46.8 billion: Basel-based Roche acquires rest of SF's Genentech.

The Roche press release on the "friendly" agreement is here. See AP's "Roche to take over Genentech":

GENEVA (March 12)--Swiss pharmaceutical giant Roche agreed to pay $46.8 billion to buy the 44 percent of biotech pioneer Genentech that it doesn’t already own, ending a long corporate struggle with its U.S.-based cancer drug partner. [more]

Posted by JD Hull at March 12, 2009 11:59 PM


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