Genentech costs hit Roche earnings
China Daily | Updated: 2009-07-24 08:04
An employee checks capsules of Roche's influenza drug Tamiflu. Bloomberg News |
BASEL, Switzerland: Roche, the maker of the Tamiflu flu drug, missed forecasts with a 29 percent drop in first-half net profit, hit by costs related to its $47 billion acquisition of Genentech.
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