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The company, based in Indianapolis, had been working on the plan since the spring, and at one point postponed its annual shareholders' meeting to gain more time to complete preparations.
He added: "We are working on the plan eo ensure that it doesn't lose money".
He said Genentech began working on the plan a year ago, before criticism of Avastin's price mounted in the spring.
The company, which spent $40 million for the development rights, has been working on the plan since 1984.
Advocacy groups working on the plan said they were generally pleased with the process, but they expressed concern that the administration would put off embracing major changes.
"It seems they're effectively working on the plan B that the British government failed to have – that's what most people still can't get their heads around here".
Similar(40)
The prom committee, a volunteer group of 14, has been working on the plans since September.
This means staff can be doing two jobs at once, working on the plans for the new school while continuing their duties in the current one.
We expected planners working on the planning problems at a particular department for many years to have similar ideas about their work domain.
"What we've been trying to do," said one Congressional official who has worked on the plan, "is to set up a really robust disclosure mechanism".
(He did not work on the plan).
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