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Genentech, Bio Tech Timeline Saturday, November 15     Author
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Bad news on cancer drug Rituxan
World News World Bio Tech (14) USA (202) Bay Area Bay Area Bio Tech (91) Genentech (44) Business Bio Tech
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Recruiters eye Genentech employees


August 2008 ... more > Top ^

Aug.17
  While Roche mulls whether to raise its offer price for biotechnology powerhouse, many prized Genentech professionals



April 2008 ... more > Top ^

Apr.30
  Shares in Genentech sagged, after the company said Rituxan failed to curb symptoms of the debilitating autoimmune disorder


February 2008 ... more > Top ^

Feb.22 FDA Clears Avastin for Breast Cancer
  A Genentech drug received federal approval, a surprise decision


year 2007 Top ^

Dec.5 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
Aug.3 Genentech completes Tanox acquisition  Genentech Inc. that it has completed the $919 million acquisition of its partner in the development of the asthma drug Xolair Mar.24 Genentech projects quarter to be 'flat'  Genentech expects U.S. sales in the first 3 months of the year to be essentially flat compared with the previous quarter

year 2006 Top ^

Dec.21 Genentech gets rights to drug  Genentech is agreeing to pay $280 million for rights to a growth hormone product developed by a Massachusetts company Sep.12 Avastin approval slowed by FDA  Feds requested further data on the use of the drug for advanced breast cancer Aug.12 Cancer drug review extended
  FDA has extended by up to 90 days its review of Herceptin for treatment of patients with breast cancer. Jul.31 Tony Blair Visits Genentech Headquarters
  Heavy hitters from biotech firms sat down for an extraordinary talk with British Prime Minister Jul.11 2Q Profit Soars to $531 Million
  The biotechnology company blew past Wall Street expectations with a 79% surge in second quarter earnings Jul.1 FDA approves blindness drug  Genentech Inc. won approval to market Lucentis, to restore sight in patients afflicted with a common eye disease Jun.29 2 drugs set to fight blindness Feb.13 Cancer Drug Trials Scaled Back  Avastin only targets cancer, and leaves healthy cells alone Jan.10 Genentech Best Company to Work in U.S.

year 2005 Top ^

Oct.10 Big 3rd Quarter Gains Jul.11 Profits Soar 73% in 2Q  The second quarter profit is fueled by continued strong drug sales. The results exceeded the estimate by 4 cents Apr.16 Avastin helps those with breast cancer  Genentech Inc.'s pioneering colon cancer is already showing potential as a lung cancer treatment Jan.10 4th best place to work for in U.S.  Biotechnology rated fourth by Fortune

year 2004 Top ^

Nov.29 Avastin helps sickest patients  Genentech's novel colon cancer-fighting drug helped some of the patients stay alive 2 months longer than expected Oct.6 Profits surge on drug sales  Genentech reported a 52% surge in 3rd-quarter net income, fueled by strong drug sales across its product line Feb.26 FDA approves cancer fighter Avastin  Genentech began shipping its widely anticipated colon cancer-fighting drug just hours after the government approval

year 2003 Top ^

Aug.15 Firm: Genentech refuses to share profits  Fremont: Shares of Protein Design lost 25% after. Company is fighting over the rights to a recently approved asthma drug May.19 Encouraging results with cancer drug
  Avastin extended the lives of some of the colon cancer patients. Company's stock soaring nearly 45%
May.12 Arthritis drug fails key experiment  The biologically engineered Raptiva failed to effectively treat patients in a key experiment

year 2002 Top ^

Sep.10 Stock plummets 9.7%  Avastin, once-promising experimental breast cancer drug, had failed a clinical trial



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