Genentech

Genentech

Genentech Inc., or Genetic Engineering Technology, Inc., is a biotechnology corporation, founded in 1976 by venture capitalist Robert A. Swanson and biochemist Dr. Herbert Boyer. It is considered to have founded the biotechnology industry. Boyer is considered to be a pioneer in the field of recombinant DNA technology. In 1973, Boyer and his colleague Stanley Norman Cohen demonstrated that restriction enzymes could be used as "scissors" to cut DNA fragments of interest from one source, to be ligated into a similarly cut plasmid vector. While Cohen returned to the laboratory in academia, Swanson contacted Boyer to found the company. Boyer worked with Arthur Riggs and Keiichi Itakura from the Beckman Research Institute, and the group became the first to successfully express a human gene in bacteria when they produced the hormone somatostatin in 1977. David Goeddel and Dennis Kleid were then added to the group, and contributed to its success with synthetic human insulin in 1978.

As of February 2011, Genentech employed more than 11,000 people. The Swiss global health-care company Hoffmann-La Roche now completely owns Genentech after completing its purchase on March 26, 2009 for approximately $46.8 billion.

Read more about GenentechResearch, Facilities, Disputes, Products Timeline, Awards and Recognitions

Other articles related to "genentech":

Cabilly Patents
... The Cabilly patents are two US patents issued to Genentech which relate to the "fundamental technology required for the artificial synthesis of antibody molecules" ... Patent 4,816,567 (the original "Cabilly patent") issued to Genentech and U.S ... of a second "Cabilly patent" to Genentech in 2001 ...
Arthur Riggs (geneticist) - Genentech
... Along with fellow City of Hope researcher Keiichi Itakura, Riggs collaborated with Genentech scientist Herbert Boyer, and used recombinant DNA technology ...
Arthur D. Levinson
... (born March 31, 1950) is the chairman of Genentech (1999 to present) and the chairman of Apple Inc ... He is the former chief executive officer of Genentech (1995–2009) and is also a member of Genentech’s Scientific Research Board, which serves as an advisory ... In addition to serving as Chairman for Genentech and Apple ...
Med Immune, Inc. V. Genentech, Inc.
... Genentech, Inc ... one of the Cabilly patents issued to Genentech ... of the dispute was a lengthy interference proceeding between Genentech and Celltech which led to the issuance of a new patent in 2001, 18 years after the original filing ...
Genentech - Awards and Recognitions
... Fortune Magazine named Genentech number one on its 2006 list of the "100 Best Companies To Work For." This was the first number one ranking for the company, which has ... Genentech was named one of the 100 Best Companies for Working Mothers in 2004, 2006-8 and 2010-11 by Working Mother Magazine ... Genentech was named Top Employer by Science Magazine on October 7, 2010, where it has been recognized for nine consecutive years ...