HEALTH

Genentech Opens Research Center: The San Francisco biotechnology firm, which has been a pioneer in the industry since 1976, has dedicated an $85-million research center. Most of Genentech’s research staff will move into the 275,000-square-foot center by December. In a drive to get new drugs to market, Genentech has been spending up to half its revenue over the last two years on research and development. The firm is the source of six of the 11 biotech products now on the market and the holder of nearly 1,000 patents worldwide. It had $516 million in revenue last year, earning $44.3 million, or 39 cents a share.