I came across an article that celebrated Genentech’s 40 years in business with a few fun facts and stories about the biotechnology pioneer:
- Founded on April 7, 1976
- The name Genentech stems from GENetic ENgineering TECHnology
- The company was founded with a $1,000 investment in 1976 by Robert Swanson, a venture capitalist, and Herbert Boyer, a researcher from the University of California, San Francisco (UCSF)
- Genentech was acquired by Roche in 2009
- The company currently employees approximately 14,000 employees
In addition to being the father of the biotech industry, the company continues to make history with its innovative character. Last year, I highlighted several “firsts” that showcase their continued leadership:
- First biotech to offer a choice of PC or Mac
- First to roll out iPhones
- First to implement Salesforce.com
- First to implement Salesforce.com with an iPhone mobile app
- First to create their own internal AppStore
- First to offer signature capture on the iPhone
- First biotech and large global company to roll out Google Apps (mail, calendar, drive, hangouts) to 80,000 users worldwide
- Ranked #1 in the first-ever ranking of companies with strong precision medicine programs
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If that’s not enough, prior to being acquired by Roche, Genentech had the best stock ticker ever: DNA.
Here’s to many more years, Genentech!