Genentech

Definition

Genentech is a pioneering biotechnology company that develops, manufactures, and markets medicines for serious or life-threatening medical conditions. It has been instrumental in biotech innovation since its founding in 1976, emphasizing ethical considerations and social responsibility in business practices.

Related terms

Biotechnology: The use of living systems and organisms to develop or make products, often leading to advancements in health care.

Corporate Social Responsibility (CSR): A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Stakeholder: Any individual or group that has an interest in or is affected by a company's actions, including employees, customers, suppliers, community groups, and shareholders