Merck Plans Radical Overhaul of Drug R&D Unit
from The Wall Street Journal
Merck & Co. is working on a plan to radically reshape its once-storied research-and-development unit that would create international innovation hubs tapping into drug research outside of its labs. Merck would create these hubs in or near Boston, the San Francisco Bay area, London and Shanghai, according to people familiar with the matter — regions with a critical mass of academic and commercial R&D.
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