Hewlett-Packard/Genentech joint venture
Executive Summary
Hewlett-Packard acquires all of Genentech's 20% interest in the two companies' joint venture, HP Genenchem, for an undisclosed amount of cash, and royalties from products resulting from collaborative efforts. Since its creation in 1983, the joint venture has developed several products with bioscience applications, including automated systems for microassays and HPLC columns.