Is Genentech owned by Pfizer?

Roche Holding’s agreement on Thursday to acquire full ownership of Genentech for $46.8 billion is the third big drug industry merger this year. But it is different from the other two — Pfizer’s $68 billion proposal to acquire Wyeth and Merck’s $41 billion deal with Schering-Plough — in crucial ways.

What is Genentech best known for?

Genentech is a biotechnology company dedicated to pursuing groundbreaking science to discover and develop medicines for people with serious and life-threatening diseases. Our transformational discoveries include the first targeted antibody for cancer and the first medicine for primary progressive multiple sclerosis.

Is Roche the same as Genentech?

Genentech, Inc., is an American biotechnology corporation which became a subsidiary of Roche in 2009. Genentech Research and Early Development operates as an independent center within Roche.

Who is Genentech owned by?

On March 12, 2009, Roche announced a $46.8 billion deal to buy South San Francisco, Calif. -based Genentech.

Who bought Roche?


The Roche Tower, headquarters of Hoffmann-La Roche in Basel (2015).
Total equity CHF 28.35 billion (2021)
Number of employees 100,920 (2021)
Parent Roche Holding AG
Subsidiaries Genentech, Ventana

Who is Roche company?

Roche is the world’s largest biotech company, with truly differentiated medicines in oncology, immunology, infectious diseases, ophthalmology and diseases of the central nervous system. Roche is also the world leader in in vitro diagnostics and tissue-based cancer diagnostics, and a frontrunner in diabetes management.

Is Genentech a good company?

Genentech has a clear-cut mission statement: “Work hard, play hard, and give back.” The biotech giant has earned its place on Fortune’s Best Companies list for 22 years. The pioneering science at the heart of the firm is, of course, a part of the reason its employees rave about its work culture.

Who are Genentech competitors?

Genentech competitors include Merck, MedImmune, Pfizer, CVS Health and Gilead Sciences. Genentech ranks 1st in Employee Net Promoter Score on Comparably vs its competitors.

Does Roche pay well?

The average estimated annual salary, including base and bonus, at Roche is $127,863, or $61 per hour, while the estimated median salary is $123,189, or $59 per hour. At Roche, the highest paid job is a Director of Security at $270,000 annually and the lowest is a CS Rep at $46,600 annually.