Drugmaker UCB backs Brexit Britain with $1.3 billion investment [Reuters]
Merck & Company, Inc. (new) (MRK)
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Source: Reuters
Drugmaker UCB backs Brexit Britain with $1.3 billion investment | Reuters 2 Min Read LONDON (Reuters) - Belgian drugmaker UCB expects to invest about 1 billion pounds ($1.3 billion) in Britain over the next five years, throwing its support behind the country’s life sciences sector despite Brexit uncertainty. The move is a fillip for Prime Minister Theresa May, who is battling to win support for a Dec. 11 parliamentary vote on her agreement with Brussels on Britain leaving the European Union next March. UCB said on Wednesday that its investment would include 150 million to 200 million pounds on a purpose-built research center. The new site will also house an early manufacturing facility and a hub for commercial operations. The Belgian group has had a major presence in Britain since buying Slough-based antibody drug developer Celltech in 2004. However, a looming lease expiry on its current site in the town west of London prompted it to review global options. In the event, Chief Executiv
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MRK
Earnings
- 2/1/24 - Beat
MRK
Sec Filings
- 4/11/24 - Form ARS
- 4/11/24 - Form DEFA14A
- 4/11/24 - Form DEF
- MRK's page on the SEC website