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Genentech rejects Roche and provides bold nine-year forecast

This article was originally published in Scrip

Executive Summary

Genentech has continued to rebuff Roche's buyout interest by providing analysts with growth and earnings projections for each year until 2018, according to reports. The biotech firm gave a bullish nine-year outlook in which it expects compounded yearly earnings growth rate of 16% from 2010-15.

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