Genentech and Sanofi are laying off hundreds of workers as the biotech giants wind down operations at facilities in South San Francisco.
Biotech giants Genentech and Sanofi are laying off hundreds of workers at their facilities in South San Francisco.The San Francisco Business Times reported Genentech's parent company Roche would trim 3% of jobs across several departments, numbering 436 employees. The San Francisco Chronicle reported the cuts, expected to begin June 5 would come from Genentech's headquarters and commercial production facility at 1 DNA Way in South San Francisco as part of a plan to close the site.
The moves are part of the evolving landscape of biotech focusing on individualized medicines for smaller patient populations and moving large-scale commercial manufacturing to other facilities.'We regularly evaluate our operations to ensure we remain well-positioned to meet the needs of patients today while continuing to deliver innovative new medicines in the future,' said the company in a prepared statement.
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