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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
January 16, 2009
SOUTH SAN FRANCISCO, Calif. — Genentech Inc.’s fourth-quarter profit rose 47 percent on sales of its blockbuster cancer drug Avastin, but the biotechnology company set a weaker-than-expected outlook for 2009.
The results, reported late Thursday, come as the shadow of a....