Merck Serono to Invest More than €150M in R&D Center in China
New hub will mainly focus on biomarker research including pharmacogenomics and bioanalytics activities.!--h2>
Merck Serono, a division of Merck KGaA, will strengthen its global research and development capabilities by establishing a global R&D center in Beijing. Merck Serono is planning to invest more than €150 million ($225 million) and create more than 200 new qualified jobs over the next four years to set up the China R&D center and conduct R&D activities in China.
"The creation of the China R&D center marks a new milestone in Merck Serono's commitment to China, where there is a rising demand for more healthcare options," says Elmar Schnee, president of Merck Serono. "We are committed to investing in areas that can help China to address some of its public health needs that currently are not met."
The China R&D organization will become one of the key R&D hubs for the company. The China team will lead drug development for China and other Asian countries, for local clinical trials as well as for the participation in global clinical trials. The team also will ensure the management of collaborations with research institutions in China and continue to look for partnerships with local academic institutions and companies. Research activities conducted in the China R&D center will mainly focus on biomarker research including pharmacogenomics and bioanalytics activities.
Merck Serono already has some research collaborations in China and plans to further develop its collaboration network and build its R&D strategy on more innovation opportunities by tapping into the Chinese scientific expertise.