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Published on FierceVaccines (http://www.fiercevaccines.com)

Merck invests $300M in vaccine expansion

By john
Created Jul 24 2008 - 8:07am

Merck's decision to pump $300 million into an expansion of its Durham, NC vaccine facility [1] 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 [1] and Microbix is spending almost $200 million on a new plant in China [2].

- read the article [3] from In-PharmaTechnologist

Related Articles:
Merck's McGlynn has key role developing vaccines [4]
Big Pharma takes an interest in cancer vaccines [5]
Vaccine "renaissance" attracts huge new venture investments [6]


Source URL:
http://www.fiercevaccines.com/story/merck-invests-hundreds-millions-vaccine-expansion/2008-07-24