Seems the reverse merger details bit them in the butt. They cant close Whitehouse because it is the address of record for the reverse merger? Anyone else hear this?
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Yes.......2014. Moving headquarters to Summit. Layoffs expected.
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Seriously Fred Hassan is buying to set up a global exchange to sell bio similar.
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Yes, Merck is closing Whitehouse Station
Merck to move HQ from Whitehouse Station to Summit, N.J.
October 11, 2012|By David Sell, Inquirer Staff Writer
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Merck & Co. said Tuesday that its cost-cutting efforts will now include closing its global headquarters building in Whitehouse Station, N.J., and moving most of those functions and people about 30 miles east to Summit.
The move would mean a longer commute for some of the employees who live in Pennsylvania, many of them in Bucks County.
Merck is among the large pharmaceutical companies wrestling with pressure from several fronts: Insurers, public and private, want to reduce the cost of drugs. Revenues have declined when patent protection ended, allowing generic competitors to grab market share.
Merck to move HQ from Whitehouse Station to Summit, N.J.
October 11, 2012|By David Sell, Inquirer Staff Writer
Share on emailShare on printShare on redditMore Sharing Services
Merck & Co. said Tuesday that its cost-cutting efforts will now include closing its global headquarters building in Whitehouse Station, N.J., and moving most of those functions and people about 30 miles east to Summit.
The move would mean a longer commute for some of the employees who live in Pennsylvania, many of them in Bucks County.
Merck is among the large pharmaceutical companies wrestling with pressure from several fronts: Insurers, public and private, want to reduce the cost of drugs. Revenues have declined when patent protection ended, allowing generic competitors to grab market share.