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Summary.     Click for More >
Retention plan to cost $371 million Recruiters eye Genentech employees Genentech rejects Roche's $43.7b bid  Biotechnology giant rejected a buyout offer from its majority owner Roche but said it is open to a higher takeover bid Pfizer moving biotech research unit to S.F.  The world's largest drugmaker will move the headquarters of its new biotech research unit to Mission Bay, next door to UCSF's new campus Shareholders sue to halt Roche buyout Panel to ponder Roche takeover offer Roche Offers $44B For Remaining Shares 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 McKesson Sued On Prices Silicon Valley janitors strike Bad news on cancer drug Rituxan Court slashes $200 million from judgment FDA Clears Avastin for Breast Cancer Rogue trader to cost SocGen $7bn FDA Panel Rejects Avastin, stock drops
Cell Genesys Drug Trial Halts
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
Aug.6   San Francisco
Jul.31   Genentech
Jul.25   Genentech
Jul.21   Genentech
Jun.12   Foster City
May.20   San Jose City Hall
Apr.30   Genentech
Apr.24   Genentech
Feb.22   Genentech


year 2007
... more >
Dec.5   Genentech
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
Aug.6   San Francisco Pfizer moving biotech research unit to S.F.
  The world's largest drugmaker will move the headquarters of its new biotech research unit to Mission Bay, next door to UCSF's new campus


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


May 2008 ... more > Top ^

May.20   San Jose City Hall McKesson Sued On Prices  The city is suing McKesson over allegations the nation's largest prescription drug distributor fixed prices on hundreds of name-brand drugs Silicon Valley janitors strike

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

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

January 2008 ... more > Top ^

Rogue trader to cost SocGen $7bn
Jan.14   Genentech 4Q Profit Rises 6 Percent

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 Nov.20   Mountain View Startup 23andMe offers DNA scans online
Oct.16   Genentech 3Q Profit Up 21 % On Cancer Drug Sales Oct.12   Oakland Nurses Not Allowed To Return After Strike Aug.3  Genentech  Genentech completes Tanox acquisition Ex-execs in SEC sights Apr.12  Hayward  Teachers Resume Strike After Talks Fail Mar.24  Genentech  Genentech projects quarter to be 'flat' Jan.26  Genetech  Genetech Slips After Stroke Warning Jan.25  San Francisco  McKesson's 3rd Qtr. Profit Rises 26% Fed Probe Jobs' Stock-Options Grant

year 2006 Top ^

Dec.21  Genentech  Genentech gets rights to drug Nov.11   Genentech Genentech to acquire partner Tanox Sep.12  Genentech  Avastin approval slowed by FDA Aug.25  Mountain View  ChemoCentryx signs Glaxo deal Aug.12   Genentech Cancer drug review extended Aug.8  Genentech  Genentech has plans to expand Jul.31   Genentech Tony Blair Visits Genentech Headquarters Jul.11   Genentech 2Q Profit Soars to $531 Million Jul.1   Genentech FDA approves blindness drug Jun.29  Genentech  2 drugs set to fight blindness Apr.12   Genentech Profit climbs by 48% in first quarter Feb.13   Genentech Cancer Drug Trials Scaled Back Jan.28   San Carlos Nektar Develops Inhaled Insulin Jan.11   Genentech Up 64% in quarter after good year

year 2005 Top ^

Nov.1   Emeryville Novartis to buy Chiron
  Chiron's board accepted a $5.1 billion purchase offer from Swiss pharmaceutical giant Novartis AG
Oct.18   Emeryville Problems Cause Chiron To Miss Earnings Oct.13   Emeryville Chiron gets OK on flu shots Jul.11   Genentech Profits Soar 73% in 2Q Jun.15   Emeryville Chiron Warns on Fewer Flu Vaccines  Chiron will not produce as many flu vaccines as previously announced because of production delays Apr.16   Genentech Avastin helps those with breast cancer Apr.12   Genentech Biotech giant's profit up 61% Mar.5   San Francisco Sirna Therapeutics moving to Mission Bay Mar.2   Emeryville Regulators Lift Suspension on Chiron  British regulators are enabling the company to begin reproducing flu drugs Jan.26   Emeryville Chiron's 2004 income falls dramatically  Chiron hobbled by its failure to deliver half the nation's flu vaccine last year. It missed analysts' expectations Jan.10   Genentech 4th best place to work for in U.S.   Genentech Profit surges, misses expectations by 1c

year 2004 Top ^

Nov.29   Genentech Avastin helps sickest patients
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 Oct.20   Emeryville Flu Vaccine Fiasco Costs Chiron Millions Oct.15   Emeryville Board member quits embattled Chiron Oct.13  Emeryville  SEC probes Chiron over flu shot shortage Oct.6  Genentech  Profits surge on drug sales Oct.5   Emeryville Flu maker Chiron slashes profit outlook  Chiron cut its profit forecast by more than half after British officials pulled the company's license Hotel workers begin two-week strike Aug.26  San Jose  Bioscience Incubator welcomes companies Aug.16  Orinda  Top Chiron lawyer's home vandalized Jun.8   SF Downtown 150 protesters held at biotech conference
  About 200 demonstrators failed to shut down the annual Biotechnology Industry Organization convention  SF Downtown  Protesters arrested at biotech conference Jun.6   SF Downtown Biotech conference opens Apr.7  Genentech  Profits surge on brisk cancer drug sales Feb.26  Genentech  FDA approves cancer fighter Avastin Scientists cloned human embryos Jan.14  Genentech  Profits surge on strong drug sales

year 2003 Top ^

Dec.16  Emeryville  Chiron sells 375,000 additional flu vaccine Nov.5  South SF  Pain Therapeutics: 'abuse-resistant' pill Oct.8  Genentech  Biotech titan posts higher profits Sep.3  Brisbane  VaxGen to supply anthrax vaccine to UK Aug.15  Fremont  Firm: Genentech refuses to share profits Schwarzenegger to run for governor 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% May.14  San Francisco  Ex-Red Herring editor to launch magazine May.12  Genentech  Arthritis drug fails key experiment Apr.4  Foster City  Company ships AIDS drug to Africa Mar.20  Emeryville  Chiron names new chief executive Feb.23   Brisbane AIDS vaccine developed by VaxGen  An experimental vaccine does not protect most people, but showed promise in protecting blacks and Asians Feb.10  Sunnyvale  Johnson & Johnson to buy Scios

year 2002 Top ^

Sep.10  Genentech  Stock plummets 9.7% Sep.7   Genentech Big patent win vs. Chiron Bush wants new laws on corporate abuse