Roche Diagnostics Corporation (ROG.VX) to Invest a Whopping $300 Million in Indianapolis to Support Expansion of its Clinical Lab Testing Business

8/20/2012 7:44:56 AM

Roche Diagnostics is pumping $300 million into its North American headquarters in Indianapolis. At the same time, the Roche research and development campus in Nutley, New Jersey will be closed. Collectively both actions are a sign of the company’s confidence in the growth prospects for clinical laboratory testing, molecular diagnostics, and genetic testing. Many pathologists are aware that Roche Diagnostics has experienced rapid year-over-year growth in its molecular diagnostics business. The company wants to expand its facilities to support further growth in this sector.

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