Issue Date: December 12, 2011
Merck Plans R&D Center in China
Merck & Co. will spend $1.5 billion on R&D in China over the next five years, with a big chunk of the cash going to build a facility in Beijing that will become the U.S. company’s R&D headquarters for Asia.
By 2014, Merck expects to complete the construction of R&D facilities in Beijing’s Wangjing Park with more than 500,000 sq ft of space. By then, Merck will have 600 people in . . .
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