What's Going On at Roche Palo Alto?

I've just been told (by a reliable source) that something big is up with the Roche (RHHBY.PK)-Palo Alto site. I don't know if this is part of their bid for Genentech (DNA) or what, but the word "closing" has been mentioned.

I hate to pass on news like this with no more details, but something does appear to be going on. Anyone with more details, please add them in the comments section.

Comments

[investore:]

on page 19 and 20 of the Roche presentation "bringinga ssuccessful partership to the next level" ny 7/22 they mention transfering roche reaseach and early development. They will also be moving HQ.

2008 Aug 06 11:44 AM

[dmnieren:]

scuttlebutt is that roche palo alto will close. biologics will of course stay at Genentech/Roche. Everything else will be transferred to Nutley, New Jersey

2008 Aug 06 05:35 PM