Genentech grapples with direct offer

Europe grapples with cloning headaches

The growing spectre of human reproductive cloning is putting unprecedented strain on some of the legislative bodies in Europe trying to keep a grip on it and the future of embryonic stem cell research. In Britain, which has gone further than many countries with detailed legislation to permit research on embryonic stem cells, a group of opponents late last year challenged the legislation, saying...

Genentech, Inc

How did it start? It began in 1976 with a meeting over a glass of beer between Bob Swanson, then a bright young venture capitalist, and Herb Boyer (UCSF), who with Stan Cohen (Stanford) had just performed some of the key experiments of recombinant DNA technology. The meeting is now immortalized in a brass statue in the new Founders’ Research Center. Genentech was founded later that year, and cl...

India grapples with its child marriage challenge.

On a July afternoon in Upparapalli village in the state of Andhra Pradesh, southern India, something remarkable was happening. Inside a classroom, a group of teenage school girls trilled a lilting melody in honour of 15-year-old Savitri Pullakunta, whose marriage had been successfully thwarted by their collective eff ort. The young girls who had gathered in this school in the Adoni division of ...

Alternating-offer games with final-offer arbitration

I analyze an alternating-offer model that integrates the common practice of having an arbitrator determine the outcomes if both players’ offers are rejected. I assume that the arbitrator uses final-offer arbitration (as in professional baseball). I find that if the arbitrator does not excessively favor one player, then the unique subgame-perfect equilibrium always coincides with the subgame-per...

US grapples with solutions to preventable medical errors.