Genentech delays third-quarter results...

23 October 1995

- Genentech has delayed the release of its third-quarter results due to talks with the US Securities and Exchange Commission on the severance agreement with former company president Kirk Raab. The company expects to incur charges in the third quarter through its agreement with Roche (which owns 66% of Genentech's stock and has an option to buy the rest) and cash paid to Mr Raab.

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