Merck to invest EUR80m in new pharmaceutical manufacturing facility.
M2 EQUITYBITES-November 18, 2013-Merck to invest EUR80m in new pharmaceutical manufacturing facility(C)2013 M2 COMMUNICATIONS http://www.m2.com
Merck, an international developer, manufacturer and distributor of pharmaceuticals, is investing EUR80m in a new pharmaceutical manufacturing facility.
It was reported on Friday that the facility is to be situated in the Nantong Economical Technological Development Area in the Greater Shanghai region (Yangtze River Delta area). It will concentrate on the bulk production and packaging of Glucophage, Concor and Euthyrox, Merck's brands for the treatment of diabetes, cardiovascular diseases and thyroid disorders respectively.
The facility will accommodate all aspects of the life science industry and will cover an area of 40,000 square metre with a possible 20,000 square metre extension. The company will start construction of the facility in 2014, and it is scheduled to complete construction in 2016 with commercial production to start in 2017.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 18, 2013|
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