Gilead Sciences to Purchase Biologics Process Research and Clinical Manufacturing Facility from Genentech

Gilead Sciences, Inc. GILD today announced that the company has signed a definitive agreement under which Gilead will purchase a clinical biologics manufacturing facility and certain process development assets located in Oceanside, California from Genentech, a member of the Roche Group RORHHBY. The agreement covers Genentech's Oceanside Clinical Plant, a 70,000 square-foot facility at 4049 Avenida de la Plata, as well as certain other process development assets. Gilead will hire certain of Genentech's biologics manufacturing specialists and process development scientists familiar with the facilities to assist with Gilead's operations. Genentech will continue to operate and maintain ownership of the Oceanside Commercial Manufacturing (OCN) facilities at One Antibody Way and other adjacent land. The companies expect the transaction to close in the third quarter of this year, subject to satisfaction of certain conditions. As part of the acquisition, approximately 55 current Genentech clinical manufacturing and process development employees will be offered employment at Gilead. All employees joining Gilead from Genentech will be working in the OCP facility.