Merck earmarks 150 million euros for Aubonne site expansion

28 March 2019

German lifesciences major Merck KGaA (MRK: DE) today announced an investment of 150 million euros ($169 million) in its manufacturing site at Aubonne, Switzerland, to expand manufacturing capacity for its biotech medicines.

The investment will cover a new building dedicated to Merck biotech medicines destined for more than 150 countries, helping to meet increasing patient needs for flagship medicines such as fertility treatment Gonal-f, newly-launched therapies such as cancer drug Bavencio (avelumab) and potential future products currently in clinical development such as cancer investigational treatment M7824 (bintrafusp alfa).

The latest investment adds to an announcement by Merck earlier this month that it will invest 1 billion euros until 2025to secure the future viability of company headquarters in Darmstadt as a central science and technology hub and to further expand it.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK