Germany's Scholz pledges support for pharmaceutical industry [Yahoo! Finance]
DAIICHI SANKYO S/ADR (DSNKY)
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Source: Yahoo! Finance
Scholz spoke at the laying of the foundation stone on Thursday for a €300 million ($320 million) new research centre at German chemical and pharmaceutical firm Merck's headquarters in the western German city of Darmstadt, located south of Frankfurt. The chancellor called the expansion project a "commitment to Germany as a strong location for pharmaceuticals, industry and research." The centre is scheduled to open in three years. "Investments such as those made by Merck here at the Darmstadt headquarters make exceptional economic, medical and scientific sense," said Scholz. The chancellor noted that Merck isn't the only firm from the sector to invest heavily in Germany, pointing for example to plans by the US pharmaceutical company Eli Lilly to build a €2.3 billion plant as well as similar plans from Switzerland's Roche and Japan's Daiichi Sankyo. "These are investments on a scale that we have not seen in Germany for a long time," said Scholz. "As the German government, we w
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