Merck KGaA to restructures pharma ops in France

20 July 2003

Germany's Merck KGaA says that it has decided to launch a project to restructure its pharmaceutical activities in France, including the closure of its R&D facility in Lacassagne and a production site in Lyon.

Following what the company described as two "major independent restructuring and optimization studies" relating to its production and supply chain, as well as pre-clinical R&D, the decision was taken to make the closures as Merck "enhances efficiency and realizes synergies in the pharmaceutical business sector."

Under the terms of the plan, the Lacassagne site closure will result in the reallocation or redundancy of around 320 staff, with pre-clinical diabetes research activity at the site to be terminated by end-2004. As a consequence, Merck says it is refocusing its research activities in France and will now concentrate them at its existing diabetes research center near Paris.

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.

Login to your account

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



Company News Directory

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight