New Market Study Published: Roche: Hoping for Continued Innovation Through Genentech
In an effort to streamline R&D activities, Roche is to shut down its research facility in Nutley, New Jersey, resulting in the loss of 1,000 jobs. By 2013, the company will transfer these R&D activities to sites in Switzerland and Germany. Despite the cuts in New Jersey, Roche is looking to establish a new center focusing on translational research on the US east coast.
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