Will Roche Spin Genentech Off Again?
Does Roche’s recent acquisition of Genentech mean the end of the big-biotech business model? Has Genentech lost it’s independence? Not so, if history decides to repeat itself.
Roche has already bought (and sold) Genentech once before. It’s not unimaginable to think that they’re using the current economic crisis to do another value-based flip. Using an excerpt from Building Biotechnology to illustrate, Roche pocketed several billion dollars when it bought and sold Genentech in 1999:
|Source: Building Biotechnology|
So, before you write-off Genentech, consider that Roche may simply decide to flip them again.Click here for reuse options!
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