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Evening Standard
Evening Standard
Politics
Henry Saker-Clark

Merck scraps £1bn London expansion as report warns UK drugs sector ‘losing out’

Merck United Kingdom London NHS

Pharmaceutical bosses have said research and development (R&D) in the UK sector risks “losing out to other countries” as US giant Merck scrapped plans for a £1 billion London centre in a major blow to the industry.

Merck, known as MSD in the UK and Europe, is moving its life sciences operation to the US in a move that will impact around 125 British jobs.

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