Free Newsletter
Merck invests $300M in vaccine expansion
Merck's decision to pump $300 million into an expansion of its Durham, NC vaccine facility is seen by analysts as part of a coordinated effort to solidify a leading role in a booming global vaccines market. The work in North Carolina should be completed by 2010, a year before Merck opens a new, $300 million vaccine plant in Ireland.
BCC Research recently estimated that the vaccine business will advance at a blistering pace of 11 percent a year, hitting $34 billion in 2013. And Merck isn't alone in aggressively ramping up new facilities to satisfy the growing demand for vaccines. Sanofi-Aventis recently announced that it would invest more than $6 billion in its vaccine business and Microbix is spending almost $200 million on a new plant in China.
- read the article from In-PharmaTechnologist
Related Articles:
Merck's McGlynn has key role developing vaccines
Big Pharma takes an interest in cancer vaccines
Vaccine "renaissance" attracts huge new venture investments
Comments
Post new comment
Paid Research Reports
- The Specialty Pharma Market Outlook: Key players, new company growth models and emerging opportunities
- Investigating Clinical Trial Costs: Comparative analysis of trial cost components in key geographies
- Clinical Trial Recruitment Strategies: Optimizing patient recruitment and retention in late stage clinical trials
- Pipeline Insight: Therapeutic Cancer Vaccines - Prospect of first approval set to reinvigorate interest from major companies
- Stakeholder Opinions: Vaccines in Emerging Markets (Asia) - Opportunities in China, India, South Korea and Taiwan
- Big Pharma Performance Before, During and Beyond the Global Recession




