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Roche's Acquisition of Genentech: Retention Program Unlikely to Stem Departures

This article was originally published in Start Up

Executive Summary

Roughly a week after rejecting Roche's initial buy-out proposal, Genentech announced a generous retention plan to employees who commit to staying through June 2009. Trouble is, the retention plan may not offer much incentive, especially to those ineligible for large bonus packages.

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Astellas Wins OSI But Victory Comes At A Price

Japanese drugmaker Astellas Pharma's painstaking pursuit of OSI Pharmaceuticals is officially over. The victory came at a price, however, costing $4 billion, about $500 million more than Astellas' original hostile bid, launched in late February. That Astellas and OSI managed to find a path forward isn't surprising. Both companies had too much at stake not to see the merger come to fruition.

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