Tag: government investment
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Merck Scraps £1 Billion UK Expansion Over Investment Concerns
Overview of Merck’s Decision In a significant blow to the UK pharmaceutical sector, US pharmaceutical giant Merck has announced it will scrap a planned £1 billion expansion of its operations in the United Kingdom. This decision stems from the company’s frustrations regarding insufficient governmental support and investment. As a major player in the global pharmaceutical…
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Merck Cancels £1bn UK Expansion: A Setback for the Pharma Sector
Introduction to Merck’s Expansion Plans In a significant development for the UK’s pharmaceutical landscape, US pharmaceutical giant Merck has announced its decision to scrap a planned £1 billion expansion of its operations in the United Kingdom. This announcement comes as a blow not only to Merck but also to the broader UK drugs sector, which…