Genentech Inc., a portmanteau of Genetic Engineering Technology, Inc.,'s a leading biotechnology corporation, which was founded in 1976 by venture capitalist Robert A. Swanson and biochemist Dr. Herbert W. Boyer. It's considered to have founded the biotechnology industry. to found the company.--was the chairman and CEO. The Swiss pharmaceutical conglomerate Hoffmann-La Roche now completely owns Genentech after completing its purchase on 25th March, 2009 in which the purchase was about a total o… (More on Genentech)