Merck Converting Kenilworth To Research Center: Price Tag $120 Million; 580 Laid Off


As if on cue, Merck has announced a change that one of my other commenters inquired after, this very morning — per NJ.com:

. . . .Merck to Spend $120M to Convert Schering-Plough Corporation (SGP) N.J. Headquarters into Biologics Research Center; Will Cause 580 Layoffs

NJ.com — Merck plans to spend $120 million over the next two years to transform Schering-Plough’s former world headquarters in Kenilworth into a research center heavily focused on discovering and developing biologics — potent medicines made of proteins and human antibodies. . . .

Wild — and sad for the 580.

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2 responses to “Merck Converting Kenilworth To Research Center: Price Tag $120 Million; 580 Laid Off

  1. In the grand theme of things, this should be good. At least there will still be R&D in Jersey.

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