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Genentech is a biotechnology company focused on researching and developing medicines and therapies to address unmet medical needs. It uses large-scale R&D, with about 13,500 employees and 40 approved medicines; it develops biologics and other therapies marketed through healthcare providers, generating revenue from sales. It differentiates itself with a large patent portfolio (around 20,000 patents) and multiple FDA Breakthrough Therapy Designations, along with a patient-centric approach that weighs access and affordability. Its goal is to advance medical science and deliver high-quality, effective therapies that improve patient health and support the broader medical community.
Industries
Biotechnology
Healthcare
Company Size
10,001+
Company Stage
Grant
Total Funding
$2B
Headquarters
San Francisco, California
Founded
1976
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Total Funding
$2B
Above
Industry Average
Funded Over
5 Rounds
Performance Bonus
Relocation Assistance
Recursion partners with Genentech to advance first validated neuro target discovered through AI map. August 5, 2026 san francisco biotechnology network news news, syndication comments off on Recursion partners with Genentech to advance first validated neuro target discovered through AI map. The 4.5 year, up-to-$12 billion artificial intelligence (AI) drug discovery collaboration of Recursion, Roche, and its Genentech subsidiary marked a milestone Wednesday when plans were announced for Recursion and Genentech to co-develop a neuroscience small molecule early discovery program based on the first validated target discovered through an AI map they created to find new targets in a long-challenging therapeutic area. Genentech has exercised the collaboration's first validated target option after accepting from Recursion a validation package for the target. That acceptance will trigger a $3 million milestone payment from the biopharma giants to Recursion. That latest payment raises to $216 million the total cash paid out by the biopharma giants to Recursion since the AI-based drug developer joined with the pharma giant and its subsidiary to launch their partnership in 2021. For each program developed, Recursion can receive up to $300 million in payments tied to achieving development, commercialization,... Click here to view original post
Recursion reported Q2 2026 financial results, highlighting progress in its drug discovery platform and pipeline advancement. The company's collaboration with Genentech achieved a key milestone, with the first neuroscience target advancing into an early discovery programme. Revenue for Q2 2026 was $7.7 million, down from $19.2 million in Q2 2025. Net loss decreased to $131 million from $171.9 million year-over-year. Cash position stood at $556.8 million as of 30 June 2026. Recursion reduced its 2026 cash operating expense guidance to under $375 million from under $390 million. The company expects its cash runway to extend into early 2028 based on current operating plans. The firm's REC-7735 PI3Kα inhibitor received IND clearance, with Phase 1/2 trials planned for the second half of 2026. Additional Phase 2 data for REC-4881 will be presented in November 2026.
Press: Roche sues in the US over Perjeta biosimilar. According to media reports, the pharmaceutical company Roche has filed a lawsuit in the US against the Indian biotech company Biocon. As the news agency Reuters reports, the US subsidiary Genentech is accusing Biocon before a court in New Jersey of infringing several patent rights for the breast cancer treatment Perjeta with a biosimilar candidate. Genentech is asking the court to prohibit Biocon from manufacturing or selling the planned biosimilar. The US health authority FDA had already approved a first copycat product to Perjeta from another manufacturer last November. Perjeta is one of Roche's best-selling drugs. The drug achieved worldwide sales of just under 3 billion francs in 2025.
ArkBio completes all cohort dosing in Australian Phase I trial with influenza AFC drug AK0406. SHANGHAI, July 24, 2026 /PRNewswire/ - Shanghai Ark Biopharmaceutical Co., Ltd. ("ArkBio") today announced that all cohorts of healthy volunteers have been dosed in an Australian Phase I trial with AK0406, a novel long-acting antiviral-Fc conjugate (AFC) drug for influenza prophylaxis. The clinical trial has now entered the follow-up phase. AK0406 is a novel long-acting antiviral agent developed by ArkBio. By precisely conjugating highly potent antiviral drugs to an antibody Fc fragment, AK0406 is designed to provide sustained pre- and post-exposure prophylaxis and potential therapeutic benefits to public population, addressing the unmet needs for influenza prevention. Preclinical data show that AK0406 exhibits broad-spectrum high-potent activity against both influenza A and B viruses, retains Fc-mediated effector functions, and provides prolonged protective effect. AK0406 has been optimized to offer an ideal pharmacological profile for both prophylaxis and treatment of influenza infection. Influenza remains a critical global public health challenge. Current preventive measures, such as seasonal vaccines, face limitations of antigenic drift, uncertainty in strain prediction, and reduced protective efficacy among elderly and immunocompromised populations. As a new generation of AFC drug, AK0406 has the promise to deliver a safer, more effective, and convenient innovative solution for influenza prevention globally. About ArkBio ArkBio is a commercial-stage biotechnology company focused on the discovery and development of innovative therapeutics for respiratory/lung and pediatric diseases. Founded in 2014, the company has established proprietary technology platforms and a differentiated R&D pipeline through internal innovation and strategic collaborations. Key clinical pipeline assets include: ziresovir (AK0529), the first direct-acting antiviral for RSV with positive pivotal phase 3 results; AK3280, a potentially best-in-class anti-fibrotic drug with positive phase 2 results in idiopathic pulmonary fibrosis, which advances into a pivotal phase 3 trial; AK0901, a new generation ADHD drug that has been approved and commercialized in China for the treatment of pediatric and adult ADHD. ArkBio has other first-in-class or best-in-class innovative drug candidates in clinical or preclinical development. ArkBio has established strategic partnerships with multinational and domestic pharmaceutical companies including Roche, Genentech, Qilu Pharmaceutical, and leading academic institutions such as Scripps Research and the Institute of Microbiology of the Chinese Academy of Sciences, as well as other domestic and international biotech companies and CROs, for drug discovery and development. * July 25, 2026, 15:13 CST PR Newswire is solely responsible for the content of the above news submissions. If there are any violations of laws, violations of the membership terms of this website, or the risk of infringing on the rights of third parties, PR Newswire will be solely responsible for legal and damage compensation. Responsibility has nothing to do with MedicaEx.
ArkBio completes all cohort dosing in Australian Phase I trial with influenza AFC drug AK0406. July 24, 2026 SHANGHAI, July 24, 2026 /PRNewswire/ - Shanghai Ark Biopharmaceutical Co., Ltd. ("ArkBio") today announced that all cohorts of healthy volunteers have been dosed in an Australian Phase I trial with AK0406, a novel long-acting antiviral-Fc conjugate (AFC) drug for influenza prophylaxis. The clinical trial has now entered the follow-up phase. AK0406 is a novel long-acting antiviral agent developed by ArkBio. By precisely conjugating highly potent antiviral drugs to an antibody Fc fragment, AK0406 is designed to provide sustained pre- and post-exposure prophylaxis and potential therapeutic benefits to public population, addressing the unmet needs for influenza prevention. Preclinical data show that AK0406 exhibits broad-spectrum high-potent activity against both influenza A and B viruses, retains Fc-mediated effector functions, and provides prolonged protective effect. AK0406 has been optimized to offer an ideal pharmacological profile for both prophylaxis and treatment of influenza infection. Influenza remains a critical global public health challenge. Current preventive measures, such as seasonal vaccines, face limitations of antigenic drift, uncertainty in strain prediction, and reduced protective efficacy among elderly and immunocompromised populations. As a new generation of AFC drug, AK0406 has the promise to deliver a safer, more effective, and convenient innovative solution for influenza prevention globally. About ArkBio ArkBio is a commercial-stage biotechnology company focused on the discovery and development of innovative therapeutics for respiratory/lung and pediatric diseases. Founded in 2014, the company has established proprietary technology platforms and a differentiated R&D pipeline through internal innovation and strategic collaborations. Key clinical pipeline assets include: ziresovir (AK0529), the first direct-acting antiviral for RSV with positive pivotal phase 3 results; AK3280, a potentially best-in-class anti-fibrotic drug with positive phase 2 results in idiopathic pulmonary fibrosis, which advances into a pivotal phase 3 trial; AK0901, a new generation ADHD drug that has been approved and commercialized in China for the treatment of pediatric and adult ADHD. ArkBio has other first-in-class or best-in-class innovative drug candidates in clinical or preclinical development. ArkBio has established strategic partnerships with multinational and domestic pharmaceutical companies including Roche, Genentech, Qilu Pharmaceutical, and leading academic institutions such as Scripps Research and the Institute of Microbiology of the Chinese Academy of Sciences, as well as other domestic and international biotech companies and CROs, for drug discovery and development.
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Industries
Biotechnology
Healthcare
Company Size
10,001+
Company Stage
Grant
Total Funding
$2B
Headquarters
San Francisco, California
Founded
1976
Find jobs on Simplify and start your career today