Merck’s Big Move: Massive Cost Cuts And R&D Changes Ahead
This article was originally published in The Pink Sheet Daily
Merck will cut 8,500 positions and reduce operating costs by $2.5 billion by 2015 to jumpstart growth in the midst of slowing sales and several late-stage pipeline setbacks. A key initiative is to recharge R&D by reinvesting in key projects and increasing business development activities.
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