Merck KGaA announced today that China will join Germany, Switzerland and the U.S. as a key hub of the company's R&D efforts. Over the next four years, the company will invest €150 million in its Beijing R&D center, creating 200 new jobs; Merck currently employs only 50 people in Beijing. The expanded R&D team will lead Merck's drug development efforts in China and Asia and will be on the lookout for potential partnerships with Chinese research institutions. R&D efforts will focus on biomarker research, including pharmacogenomics and bioanalytics activities.
"China is a country with talented scientists and high-quality research," said Bernhard Kirschbaum, Executive Vice President, Research and Development for Merck Serono. "We will recruit more R&D talent in China and build a world-class organization in China that will extend our global R&D expertise and capabilities."
- here's Merck's release [1]
- read this report [2] for more
Related Articles:
Novartis investing $1B in China R&D ops [3]
China launches biotech VCs, new tech stock market [4]
China gets serious about biotech [5]
Report: KPCB starts investing in Chinese biotechs [6]
China backs biotech in $9B support program [7]
Links:
[1] http://www.fiercebiotech.com/press-releases/merck-kgaa-expand-research-and-development-presence-china
[2] http://www.pharmalive.com/News/index.cfm?articleid=668728
[3] http://www.fiercebiotech.com/story/novartis-invests-1b-china-r-d-ops/2009-11-03
[4] http://www.fiercebiotech.com/story/china-launches-biotech-vcs-new-tech-stock-market/2009-10-30
[5] http://www.fiercebiotech.com/special-reports/chinas-rise-poses-challenges-opportunities-biopharma-industry
[6] http://www.fiercebiotech.com/story/report-kleiner-perkins-starts-investing-chinese-biotechs/2009-05-20
[7] http://www.fiercebiotech.com/story/china-backs-biotech-9b-support-program/2009-05-13