Genentech Inc. held a groundbreaking ceremony on Friday fora $58 million laboratory facility at its South San Francisco,Calif., headquarters. The Process Science Center will house themedicinal and analytical chemistry departments and conductresearch for manufacture of large quantities of a product.
Genentech's president and chief executive officer, G. Kirk Raab,said that "in 1976 there were only two employees occupying500 square feet of office space. With the completion of this newlaboratory we will occupy 19 buildings totaling 1.7 millionsquare feet."
The company's last building project was the $85 millionFounders Research Center, dedicated in October 1992 andexpanded at a cost of $37 million last year. Genentech(NYSE:GNE) also has offices in Basel, Switzerland, and Canada.
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