Industry: Drug Manufacturing, Pharmaceuticals
In 1999 , Merck made capital investments of about $ 2.3 billion in production capacity and research facilities throughout the world , and increased its global sales force and marketing capabilities. The Company is complementing its internal investments in research through initiatives with biotech companies to ensure that Merck is on the leading edge of select therapeutic categories. Last month , Merck completed its acquisition of SIBIA Neurosciences , a California-based biotech firm , to expand its neuroscience research. Through all these research expansions and investments , Merck has increased the capacity of its basic research by 50 % in the past five years. Merck plans to increase its research investment to approximately $ ( www.merck.com )
Merck & Co. , Inc.
One Merck Way P.O. Box 100
Whitehouse Station, New Jersey 08889
Tel: (800) 609-4618
Fax: (908) 735-1132