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Regions :: Middle East

Merck KGaA eyes pharma acquisitions in the US; strengthens ties with Israeli firms

11:26 AM MST | November 26, 2013 | Natasha Alperowicz in Yavne and Rehovot, Israel

Merck KGaA (Darmstadt, Germany) is looking to strengthen its presence in the prescription pharmaceuticals market in the United States and is open to more collaborations and acquisitions. At today’s press briefing in Yavne, Israel, the location of Merck Serono’s subsidiary in Israel, Stefan Oschmann, board member Merck KGaA/pharma and consumer health, said that the average global pharma company generates about 50% of its sales in the US while Merck’s share is only 20%. He said that Merck is planning to raise this soon and that may include...

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