Swiss pharma giant Roche, the parent company of gene therapy pioneer Genentech, announced this week that it is divesting Genentech's 427K SF facility in Vacaville, the largest bio-manufacturing plant in the US.

Roche said it hopes to find a "suitable buyer" for the manufacturing site but said the decision would have no immediate effect on employees or operations at the Vacaville facility, according to a report in the San Francisco Business Times.

"We aim to find a buyer who shares our values and respects the contributions and expertise of our colleagues at the facility," Susanne Hundsbaek-Pederson, global head of pharma technical operations for Roche, said in a statement.

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