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Merck scraps £1bn expansion in the UK over lack of state investment
Simon Jackbusiness editor, Faarea Masud and Rachel Clunbusiness reporters US pharmaceutical giant Merck is scrapping a planned £1bn…
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Merck
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Merck to cut jobs and costs as demand for Gardasil in China remains weak
Drugmaker Merck on Tuesday (Jul 29) announced job and cost cuts it said will save US$3 billion a year as it posted lower second-quarter…
Business
Merck nears US$10 billion deal for London-based lung therapy firm Verona, FT reports
Merck is nearing a US$10 billion deal to buy lung diseases focussed Verona Pharma, as the US drugmaker is eyeing deals to offset the…
Business
Merck held talks to buy biotech MoonLake for over US$3 billion: FT
K has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday,…
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China’s WuXi Biologics to sell vaccine facility to Merck for US$500 million
WUXI Biologics Cayman will sell a vaccine facility in Ireland to Merck for about US$500 million as the Chinese company seeks to enhance…
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Merck snags Chinese obesity drug in nearly US$2 billion deal
MERCK snagged a potential drug in the burgeoning market for obesity medications in a deal worth as much as US$2 billion. Under the terms…
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Merck snags Chinese cancer drug for up to US$3.3 billion
MERCK & Co licenced an experimental cancer antibody from a closely held Chinese company in a deal worth US$588 million upfront, plus as…
Business
Merck narrows sales outlook with Gardasil lagging in China
MERCK lowered the top end of its full-year sales guidance after demand for its HPV vaccine fell for a second straight quarter in China.…