Genentech: The Beginnings of Biotech
Today, biotech companies are synonymous with high-risk, high-reward research that advances the healthcare and wallets of countries with advanced economies. However, fifty years ago, this type of company did not exist. There were university research labs, and there were big corporations. No startup companies sought to translate the small experiments into lucrative business ventures. Out of Silicon Valley, California, Genentech was one of the first to do so. They translated work in recombinant DNA technology…
