Boston, MA -- (ReleaseWire) -- 10/15/2012 -- In an effort to streamline R&D activities, Roche is to shut down its research facility in Nutley, New Jersey, resulting in the loss of 1,000 jobs. By 2013, the company will transfer these R&D activities to sites in Switzerland and Germany. Despite the cuts in New Jersey, Roche is looking to establish a new center focusing on translational research on the US east coast.
- Details the contribution of each of Roche's major subsidiaries, Genentech and Chugai (along with internal development), to the company's performance.
- Offers an overview of the company's new molecular entity pipeline.
- Highlights reasons for the current exodus of the Pharma industry out of the 'garden state' of New Jersey.
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The Big Pharma company is banking on its hugely successful Genentech-sourced R&D offering to return its top line to growth following two difficult trading years.
Indeed, based on the company's past and even near-term performance this would be a wise strategy, with Genentech bringing to market a plethora of blockbuster biologic therapies and exciting, first-to-market launches.
But in light of intensifying competition in the company's core oncology therapy area and increasingly cost-conscious markets, Roche's move to invest in expensive biotech-driven R&D could be considered to be high risk.
Reasons to Get this Report
- Assess the sources of Roche's historical and forecast sales growth, comparing its Genentech, Chugai and internal research arms
- Evaluate the benefits and risks of Roche's R&D strategy
- Identify other R&D collaborative/partnership strategies currently being employed by Pharma
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