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Article: A natural selection. (biotechnology pioneer Genentech Inc.) (Cover Story)
- Article from:
- Chief Executive (U.S.)
- Article date:
- May 1, 1992
CopyrightCOPYRIGHT 1992 Chief Executive Magazine. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Darwin's theory that only the strong survive may have been a prescient flash about giant Genentech and the cutthroat biotechnology industry. Now 16 years old, the concern has continued to outshine most younger, flashier competitors.
To hear Richard Bock tell it, perhaps biotech pioneer Genentech ought to hang it up. "They're old hat," says Bock, a stockbroker for San Francisco-based Sutro & Co. "I'd rather talk about newer companies with a chance to make it big."
But Bock's observations is more a comment on the hype and expectation surrounding biotech than on the performance of Genentech itself. From the broker's point of view, the San Francisco company ...