Merck KGaA, Darmstadt, Germany to Expand US Biopharmaceutical R&D Facility to Advance Innovative Clinical Pipeline
- Merck KGaA, Darmstadt, Germany investing $70 million in U.S. Research & Development Hub
- Expansion of R&D footprint to accelerate science and innovation in Oncology, Immuno-oncology and Immunology globally
BILLERICA, Mass., February 6, 2019 -- Merck KGaA, Darmstadt, Germany, which operates its biopharmaceutical business as EMD Serono in the U.S. and Canada, today announced a $70 million investment to expand its state of the art research and development (R&D) facility in Billerica, Massachusetts. The new building will span 145,000 square feet, offering new laboratory and collaborative working space to accommodate approximately 400 new and current R&D employees focused on advancing science in oncology, immuno-oncology and immunology.
"Our talented and passionate R&D teams based in Billerica have been highly engaged in advancing a number of pipeline compounds,” said Luciano Rossetti, MD, Global Head of R&D for the biopharma business of Merck KGaA, Darmstadt, Germany. “We continue to strengthen our innovation footprint in both the U.S. and Darmstadt, Germany where our global R&D headquarters are located, with the goal of delivering transformational value to patients around the world.”
With this latest project, Merck KGaA, Darmstadt, Germany will have invested more than $150 million in infrastructure to advance biopharmaceutical R&D in the state of Massachusetts in recent years, with more than 150 new jobs added to its growing U.S. R&D Hub in Billerica since 2011. The town of Billerica played a critical role in bringing this latest building expansion project to fruition, working collaboratively with Company officials to underscore the benefits of expanding the state-of-the-art R&D facility.
"Merck KGaA, Darmstadt, Germany’s continued investment in Massachusetts is a testament to the state’s global leadership in life sciences," said Travis McCready, President and CEO of the Massachusetts Life Sciences Center. “In working collaboratively with the town of Billerica, the company’s campus expansion over the past decade has not only helped attract and retain top talent in the area, but more importantly, contributed to improving the lives of people with serious medical needs.”
When construction is completed in 2021, the building will offer wet labs, office space and a cafeteria for the campus. Consistent with previous projects, the building will be constructed to the highest environmental and employee wellness standards by seeking LEED and WELL certifications. LEED® is a preeminent program for the design, construction and operation of high-performance green buildings. WELL is a building standard focused on enhancing people's health and wellness through built environments.
The healthcare business of Merck KGaA, Darmstadt, Germany employs approximately 3,500 R&D professionals across four global R&D hubs: Darmstadt, Germany; Boston, U.S.; Tokyo, Japan; and Beijing, China. Merck KGaA, Darmstadt, Germany invests approximately 20% of total sales in R&D discovery and development each year.
Merck KGaA, Darmstadt, Germany’s U.S. presence is comprised of three businesses – Healthcare, Life Science and Performance Materials – with nearly 10,000 employees working in R&D, manufacturing and corporate roles across almost 60 sites country-wide. Within the state of Massachusetts, more than 2,800 professionals work across 10 locations.
About Merck KGaA, Darmstadt, Germany
Merck KGaA, Darmstadt, Germany, a vibrant science and technology company, operates across healthcare, life science and performance materials. Around 51,000 employees work to make a positive difference to millions of people’s lives every day by creating more joyful and sustainable ways to live. From advancing gene editing technologies and discovering unique ways to treat the most challenging diseases, to enabling the intelligence of devices – the company is everywhere. In 2017, Merck KGaA, Darmstadt, Germany, generated sales of € 15.3 billion in 66 countries.
The company holds the global rights to the name and trademark “Merck” internationally. The only exceptions are the United States and Canada, where the company’s business sectors operate as EMD Serono in healthcare, MilliporeSigma in life science, and EMD Performance Materials. Since its founding 1668, scientific exploration and responsible entrepreneurship have been key to the company’s technological and scientific advances. To this day, the founding family remains the majority owner of the publicly listed company.
Based on high demand expected to continue throughout the year and a very strong first quarter of 2021 with net sales of EUR 4.63 bn resulting in EBITDA pre of EUR 1.51 bn and EPS pre of EUR 2.18, ...