Friday, October 22, 2004

Appeals Court Upholds Genentech Verdict

target=_blank>A state appellate court Thursday upheld a $500 million
verdict against biotechnology company Genentech Inc. for failing to pay
royalties on some drugs manufactured under a 1976 agreement with City
of Hope National Medical Center. Genentech, based in South San
Francisco, is recognized as the first biotech company, and currently
the second largest company.


posted by ryan griffis  # 3:07 PM

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