The past six months have been the most transformative for Roche R&D since the parent company took full control of Genentech Inc.in 2009 [See Deal]. In June, Roche announced the closure of its 80-year-old Nutley N.J. R&D site and the opening of a translational clinical research center in New York City Also see "Roche Shakes Up R&D, Closes Nutley Operations" - Pink Sheet, 26 June, 2012.. In August, it appointed Daniel O’Day head of its pharmaceuticals division, replacing Pascal Soriot who left the company to take the CEO spot at AstraZenecaPLC Also see "AZ Taps Outsider Soriot As CEO, While Roche Anoints 25-Year Veteran O'Day To Head Pharma Division" - Pink Sheet, 28 August, 2012..
With the closure of Nutley and the consolidation of Roche Pharma Research and Early Development (pRED) at sites in Switzerland and Germany, the Swiss pharma kept its pledge to streamline...
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