Roche-Genentech: A Drug Powerhouse
Big Nod to Genentech
Schwann intends to keep research independent. The Genentech Founders Research Center, a massive state-of-the-art complex devoted to biotech research, will operate autonomously. And in what Schwann says is a “big signal” to Genentech, Roche will move its existing commercial U.S. headquarters from Nutley, N.J., to Genentech’s base in San Francisco. The U.S. business of both companies will trade under the Genentech name, and sales and research staff will probably increase.
Wow. Wow. Wow.
New Jersey – set for fail.
South San Francisco – set for soar.
Not planning to buy in South San Francisco this year? You’ll be priced out forever next year.