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Article: Genentech earnings rise Profits just meet forecast as company faces future challenges
- Article from:
- Oakland Tribune
- Article date:
- January 15, 2008
- Author:
CopyrightCopyright 2008 Oakland Tribune. Provided by ProQuest LLC. (Hide copyright information)
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Genentech Inc.'s profits rose 6 percent in the fourth quarter of
2007, but that wasn't enough to excite shareholders.
Instead, analysts and investors have their eye on this coming
year for the South San Francisco-based biotechnology company -- as
an important regulatory decision and data on several important
clinical trials are slated to be released.
"They've not had major readouts (results) for three years, so
this is going to be a very important year for Genentech because
important news is expected to come," said Shiv Kapoor, analyst with
Ferris, Baker, Watts.
Unlike companies in other industries where the past is indicative
of its current health, in biotechnology the future is looked ...