Roche: sale of Genentech plant for $1.2 billion
Under the terms of the agreement, the 750 or so Genentech employees at the Vacaville site will be offered employment by Lonza, and products currently manufactured at the site by Roche will continue to be supplied by Lonza during a transition period.
' We have decided to divest our Vacaville site as part of our network strategy and long-term optimization plan, in order to offer a more diversified portfolio including new drug modalities ', said Susanne Hundsbaek-Pedersen, Global Head of Pharmaceutical Technical Operations.
The transaction is expected to close by the second half of 2024.
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