Genentech became a member of the Roche Group in March of 2009. ... Genentech's South San Francisco campus now serves as the headquarters for Roche pharmaceutical operations in the United States. Genentech Research and Early Development operates as an independent center within Roche.

Did Roche buy Genentech?

Roche Holding's agreement on Thursday to acquire full ownership of Genentech for $46.8 billion is the third big drug industry merger this year.

Why did Roche buy Genentech?

On March 12, 2009, Roche announced a $46.8 billion deal to buy South San Francisco, Calif. -based Genentech. ... Roche realized that it needed more than just Genentech's drugs; the firm also wanted to inject the biotech firm's DNA into its corporate culture.