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Merck Announces Collaborations and Investment in all Three Business Sectors in China

hits:194     Date:06/20/18
Merck today announced moves designed to pave the way for an even more successful future in China. During the ceremony marking the company鈥檚 350th anniversary, Merck signed an agreement with Alibaba Health...
 
  • Partnership with Alibaba Health
  • Investment in OLED Technology Center China
  • Cooperation with Tongji University
  • Anniversary celebration in Shanghai with key stakeholders
 
Merck, a leading science and technology company, today announced moves designed to pave the way for an even more successful future in China. During the ceremony marking the company鈥檚 350th anniversary, Merck signed an agreement with Alibaba Health, opened a technology center for its OLED customers in Shanghai, and announced the participation of Tongji University, Shanghai, China, in its CRISPR Core Partnership program.
 
Stefan Oschmann, Chairman of the Executive Board and CEO of Merck, welcomed 400 guests representing the worlds of politics, business and society to the company鈥檚 350th anniversary celebration in Shanghai. 鈥淎s we mark our 350th anniversary, we are curiously looking towards the future 鈥 and to a large extent, the future of science and technology will be shaped here in China. With today鈥檚 news we are strengthening our footprint in this vibrant ecosystem of innovation. Together with our Chinese partners, we want to create technologies that make a meaningful difference in the lives of people in China and around the globe,鈥 Stefan Oschmann said on Wednesday.

The new collaboration with Chinese Internet healthcare company Alibaba Health, which was announced today, aims to provide Chinese patients and their families with improved access to healthcare services via a patient-centric health platform. The collaboration will start with a drug tracking platform. Based on Merck鈥檚 expertise in diabetes, thyroid disorders and cardiovascular diseases, the platform will help ensure safety and security of drug use, while generating consistent value for patients through a series of add-on services. With Alibaba Health鈥檚 strengths in the field of online healthcare, the two companies will also explore online healthcare service applications, direct-to-patient models as well as Artificial Intelligence- enabled healthcare applications.
 
Merck also opened its new OLED Technology Center China in Shanghai today. The new center will provide local customers with customized solutions to enable innovative OLED application development. It offers state-of-the-art equipment and cleanroom facilities for OLED device fabrication and characterization. This location will serve as a collaboration space for customers and Merck as they work together to generate the ideal solutions for OLED display products. This investment reflects Merck鈥檚 customer-centric approach of developing highly pure, reliable, and efficient OLED materials for innovative products in line with market requirements and in support of customer innovation.
 
Thirdly, the Life Science business of Merck today announced a new CRISPR core partnership with Tongji University, Shanghai, China. This is the first partner in China to join leading global scientists from renowned academic institutes including for example Stanford University, USA, inMerck鈥檚 CRISPR Core Partnership Program. To date, Merck has more than 70 CRISPR core partners around the world. The program allows dedicated research on treating challenging diseases using genome editing. CRISPR genome-editing technology, which allows the precise modification of chromosomes in living cells, is advancing treatment options for a variety of medical conditions. CRISPR applications are far-ranging - from identifying genes associated with cancer and rare diseases to reversing mutations that cause blindness.
 
Merck鈥檚 strong commitment to China is reflected by today鈥檚 new collaboration and investment as well as by the pharmaceutical production plant in Nantong, China, where a new Life Science facility is to be opened early 2019, as announced in late 2016. The overall investment in Merck鈥檚 second-largest production plant after its headquarters in Darmstadt is 鈧 250 million.
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