Usually an acquisition makes some sense of some level to someone. The Roche offer to acquire the 44% of Genentech that it doesn't already own makes none at all. Here is why it is illogical....
Genentech- DNA- has been the cream of the biotech crop for many years. They developed TPA long ago, and more recently have had a string of very successful chemo drugs.
Their stock is now sinking...
Genentech is a remarkable company and Avastin extends people's lives, but a Hillary or Barack Presidency with a Democrat Congress will clearly close down margins like this. I am afraid that it will...
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