Business

Merck & Co. Inc. Unveils $1 Billion Investment in Delaware for New Cancer Drug Facility

Merck's Major Investment in U.S. Pharmaceutical Production

In a significant move to bolster its pharmaceutical production capabilities, Merck & Co. Inc. has announced a $1 billion investment to establish a new facility in Delaware. This strategic initiative is set to enhance the company's manufacturing footprint in the United States, focusing on the production of innovative drugs and a new formulation of Keytruda, its flagship cancer treatment.

Creating Jobs and Advancing Cancer Treatment

The new facility is expected to generate 4,500 jobs by 2030, marking a substantial contribution to the local economy. The updated version of Keytruda, designed for injection, will be manufactured at this site, underscoring Merck's commitment to advancing cancer treatment options.

Aligning with National Drug Production Goals

Merck's investment reflects a broader trend among pharmaceutical giants like Johnson & Johnson, Eli Lilly, and Roche, who are increasing their U.S. production investments amid discussions on drug tariffs. "This strategy ensures we can meet U.S. demand from U.S. sites, aligning with the current administration's objectives," stated Merck CEO Rob Davis.