Genentech, Inc. Extends Stock Repurchase Program

SOUTH SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Genentech, Inc. (NYSE:DNA) today announced that its Board of Directors has authorized the extension of its current stock repurchase program for the repurchase of up to an additional $2 billion of its common stock for a total of $8 billion through June 30, 2008. The Board maintained the maximum number of shares that can be repurchased at 100 million shares.

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