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Merck KGAA Begins Transformation Effort By Closing Geneva Site

The efficiency program outlined by the German pharma in February will mean elimination of 500 Merck Serono staff in Switzerland, with another 750 employees being redeployed to Germany, China or the U.S.

A state-of-the-art biotechnology facility acquired in Merck KGAA’s $13 million buyout of Serono SA in 2006 will be shuttered and listed for sale as part of the German pharma’s ongoing transformation effort.

In an April 24 announcement, Merck KGAA, the parent company, outlined significant changes at its pharmaceutical and drug-development division

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