New Jersey: Proposed Genentech Acquisition Unlikely to Affect $1.4M State Grant Awarded Roche in ‘07
Roche’s announcement last week that it plans to acquire for $43.7 billion the shares in Genentech it does not already own, then locate the combined company’s headquarters in Genentech’s home city of South San Francisco, Calif., will not preclude the company’s Hoffmann-La Roche pharmaceutical unit from receiving economic subsidies awarded last year if it adds jobs as planned.

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