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Genentech's Raptiva receives new FDA warning

AP — Thu, 16 Oct 2008 20:16:59 +0000

The Food and Drug Administration said Thursday it will update the labeling of Genentech Inc.’s psoriasis drug Raptiva to highlight the risk of several bacterial and viral...

Correction: Genentech earnings story

AP — Thu, 16 Oct 2008 19:25:45 +0000

In an Oct. 14 story about Genentech’s third-quarter results, The Associated Press erroneously reported financial forecasts by analysts surveyed by Thomson Reuters, wrongly indicating that Genentech had met...

Genentech 3Q profit rises, meets forecast

AP — Tue, 14 Oct 2008 20:23:14 +0000

Genentech says its third-quarter profit rose 6.7 percent on rising sales of key cancer drugs, in line with Wall Street forecasts.

FDA cites brain virus with Genentech, Biogen drug

AP — Thu, 11 Sep 2008 18:40:02 +0000

Federal regualtors said Thursday one case of a deadly brain infection has been reported in a patient taking Genentech and Biogen Idec’s blockbuster arthritis and cancer drug...

Genentech rejects Roche's $43.7 billion bid

AP — Wed, 13 Aug 2008 14:00:45 +0000

Biotechnology giant Genentech is turning down a buyout offer from its majority owner Roche, saying the $43.7 billion takeover bid undervalues the company.

Genentech mulls Roche offer as stock surges

AP — Mon, 21 Jul 2008 20:45:41 +0000

Biotechnology pioneer Genentech Inc. mulled Roche Holding’s $43.7 billion offer for its remaining shares Monday as investors made clear their feelings that the Swiss pharmaceutical giant should pay considerably more.But some analysts said...

Roche offers $43.7B for rest of Genentech

AP — Mon, 21 Jul 2008 12:06:47 +0000

Swiss drugmaker Roche on Monday offered $43.7 billion for the remaining shares of its U.S. biotech partner Genentech Inc. in a move to boost its stature in the market for drugs to fight cancer and other diseases.Roche shares dropped 2 percent after...

Stocks set to open higher amid MandA, earnings

AP — Mon, 21 Jul 2008 10:55:11 +0000

Wall Street looked to open slightly higher Monday after investors cheered a return to big merger and acquisition deals with Roche Holding’s bid to buy Genentech Inc.The Swiss drug maker offered to buy Genentech for $43.7 million, making it...

Roche offers $44B for remaining Genentech shares

AP — Mon, 21 Jul 2008 06:01:34 +0000

Roche Holding on Monday said it was offering $43.7 billion to take over the remaining shares of Genentech Inc.Roche, which already owns 55.9 percent of the San Francisco-based drug maker, said it was offering $89 per share, 8.8 percent above the...

Court cuts $200M from royalty judgment against Genentech

AP — Thu, 24 Apr 2008 18:51:03 +0000

The California Supreme Court has slashed $200 million from a judgment against Genentech Inc.The South San Francisco-based biotechnology company was ordered to pay $500 million to a Southern California hospital for failing to pay royalties after...