Swiss drug maker Roche is planning to shutter its 1,000-worker Palo Alto research lab as it pursues its takeover bid for Genentech Inc.
A Roche Palo Alto spokeswoman said the 1-million-square-foot (90,000-square-meter) facility's inflammation research unit will move to Nutley, New Jersey, Roche's current U.S. headquarters.
The company expects to move its Palo Alto virology operations to …

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