Merck constructing new pharmaceutical manufacturing facility investing €80 million in Shanghai china

Merck invests €80 million in pharmaceutical facility in China

8:55 AM, 18th November 2013
Merck new pharmaceutical manufacturing facility

DARMSTADT, GERMANY/NANTONG, CHINA: Merck will invest €80 million in a new pharmaceutical manufacturing facility, to be located in the Nantong Economical Technological Development Area (NETDA), in the Greater Shanghai region, China.

The new facility will focus on the bulk production and packaging of Merck’s leading brands for the treatment of diabetes, cardiovascular diseases and thyroid disorders respectively. The construction of the site is scheduled to start in 2014 and to be completed in 2016, and start commercial production in 2017.

“This further investment in China reflects Merck’s long-term commitment to the country where our group has been present for 80 years. We are proud to be one of the first multinational companies investing in a local site focused on the manufacturing of medicines referenced in China’s essential drug list, and serve the country’s expanding healthcare needs in the areas of diabetes, cardiovascular diseases and thyroid disorders, by bringing high-quality medicines made in China to a broader population, in full alignment with the Chinese government’s goal to increase access to quality products,” said Belen Garijo, President and Chief Executive Officer, Merck Serono.

 

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