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MERCK TO REVAMP ITS R&D UNIT, SELL OFF DOZENS OF ITS COMPOUNDS
MarketWatch reports:

Drug company Merck & Co. (MRK) plans to overhaul its research and development unit to tap into drug research that happens outside their own labs, The Wall Street Journal reported late Friday.

Merck plans to create "innovation hubs" in Boston, the San Francisco Bay area, London and Shanghai to scout for drug technology to license or acquire, while selling off dozens of its own compounds to prune its own research pipeline, according to the Journal.


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