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Retention plan to cost $371 million  An employee retention plan announced along with its rejection of Roche's buyout offer will cost the biotechnology giant about $371 million Recruiters eye Genentech employees  While Roche mulls whether to raise its offer price for biotechnology powerhouse, many prized Genentech professionals Genentech rejects Roche's $43.7b bid

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Cell Genesys Drug Trial Halts


August 2008 ... more > Top ^

Aug. 27   South SF
  Shares plunged more than 70% after a clinical trial of its cancer vaccine Gvax was stopped due to a higher number of deaths among patients
Aug. 21   Genentech
Aug. 17   Genentech
Aug. 13   Genentech
  Biotechnology giant rejected a buyout offer from its majority owner Roche but said it is open to a higher takeover bid


July 2008 ... more > Top ^

Jul.31   Genentech Shareholders sue to halt Roche buyout  Shareholders' attorneys are asking a court to invalidate long-standing agreements between Genentech and its majority owner Jul.25   Genentech Panel to ponder Roche takeover offer  Genentech has set up a committee of independent directors to consider Swiss drugmaker offer to acquire all shares it does not already own Jul.21   Genentech Roche Offers $44B For Remaining Shares
  Roche Holding, which already owns 55.9%, was offering $43.7 billion to take over the remaining shares of Genentech


June 2008 ... more > Top ^

Jun.12   Foster City Invitrogen to buy Applied Biosystems
  Invitrogen agreed to pay $6.4 billion in cash and stock for scientific instruments maker Applera's Applied Biosystems Group


April 2008 ... more > Top ^

Apr.30   Genentech Bad news on cancer drug Rituxan
  Shares in Genentech sagged, after the company said Rituxan failed to curb symptoms of the debilitating autoimmune disorder Apr.24   Genentech Court slashes $200 million from judgment
  The company has been ordered to pay $500 million to a Southern California hospital for failing to pay royalties

March 2008 ... more > Top ^

Bay Area Nurses Launch 10-Day Strike

February 2008 ... more > Top ^

Feb.22   Genentech FDA Clears Avastin for Breast Cancer
  A Genentech drug received federal approval, a surprise decision
Feb.17   South SF Prostate cancer vaccine shows promise  Shares in Cell Genesys shot up nearly 20% after the company released a favorable analysis of its experimental prostate cancer vaccine GVAX

January 2008 ... more > Top ^

Rogue trader to cost SocGen $7bn Jan.14   Genentech 4Q Profit Rises 6 Percent  The biotech giant barely scraped past expectations as stock dropped in after-hours trading as sales of a key product also fell below expecta...

year 2007 Top ^

Dec.5   Genentech FDA Panel Rejects Avastin, stock drops  Shares dropped nearly 9% after a panel of medical experts said FDA should deny approval of the company's blockbuster drug Oct.16   Genentech 3Q Profit Up 21 % On Cancer Drug Sales  The profit rose nearly 21% from a year ago, beating expectations by a penny thanks to stronger-than-expected sales of the Avastin Aug.3   Genentech Genentech completes Tanox acquisition Ex-execs in SEC sights Mar.24   Genentech Genentech projects quarter to be 'flat'

year 2006 Top ^

Dec.21   Genentech Genentech gets rights to drug
Nov.11   Genentech Genentech to acquire partner Tanox  Genentech Inc. has agreed to its first acquisition ever - Tanox Inc., co-developer of the asthma medicine Xolair Sep.12   Genentech Avastin approval slowed by FDA Aug.12   Genentech Cancer drug review extended Jul.31   Genentech Tony Blair Visits Genentech Headquarters  Heavy hitters from biotech firms sat down for an extraordinary talk with British Prime Minister Feb.13   Genentech Cancer Drug Trials Scaled Back  Avastin only targets cancer, and leaves healthy cells alone

year 2005 Top ^

Novartis to buy Chiron
Jul.11   Genentech Profits Soar 73% in 2Q  The second quarter profit is fueled by continued strong drug sales. The results exceeded the estimate by 4 cents

year 2004 Top ^

Nov.4   Brisbane VaxGen gets contract for anthrax vaccine  The government is purchasing 75 million doses of a new generation vaccine under an $877.5 million Flu maker Chiron slashes profit outlook

year 2003 Top ^

May.19   Genentech Encouraging results with cancer drug
  Avastin extended the lives of some of the colon cancer patients. Company's stock soaring nearly 45% Feb.23   Brisbane AIDS vaccine developed by VaxGen
  An experimental vaccine does not protect most people, but showed promise in protecting blacks and Asians

year 2002 Top ^

Sep.7   Genentech Big patent win vs. Chiron  Chiron of Emeryville has no claim to any profits from Genentech's blockbuster breast cancer drug, Herceptin



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