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It's a Deal

Mar 12, 2009

Roche and Genentech have ironed out their differences and announced this morning a friendly deal in which Roche will be buying the 44 percent of Genentech it doesn't already own for $95 a share, reports Agence France-Presse. In a joint statement, Genentech CEO Art Levinson said, "We have had a highly successful partnership with Roche for more than 18 years, and we intend to pursue our shared goal of discovering medications for serious and life-threatening conditions." The deal will total $46.8 billion.

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