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DBL%20Hendrix%20small.png College chemistry, 1983

Derek Lowe The 2002 Model

Dbl%20new%20portrait%20B%26W.png After 10 years of blogging. . .

Derek Lowe, an Arkansan by birth, got his BA from Hendrix College and his PhD in organic chemistry from Duke before spending time in Germany on a Humboldt Fellowship on his post-doc. He's worked for several major pharmaceutical companies since 1989 on drug discovery projects against schizophrenia, Alzheimer's, diabetes, osteoporosis and other diseases. To contact Derek email him directly: derekb.lowe@gmail.com Twitter: Dereklowe

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In the Pipeline: Don't miss Derek Lowe's excellent commentary on drug discovery and the pharma industry in general at In the Pipeline

In the Pipeline

« More on Getting a Science PhD | Main | Accelerated Approval And Its Discontents »

September 5, 2012

Merck (Germany) Cuts Back

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Posted by Derek

If you haven't heard, Merck KGgA has announced that they're cutting over a thousand jobs in Germany. They'd already cut back hard in the Merck Serono end of the company, and now comes the rest. . .

Comments (4) + TrackBacks (0) | Category: Business and Markets


COMMENTS

1. Anonymous on September 5, 2012 9:41 AM writes...

Very fitting that this blog entry is back to back with the one about Daniel Lametti saying that the job situation for Ph.D scientists really isn't that bad.

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2. GG on September 6, 2012 7:41 AM writes...

Derek, has productivity in the pharma industry gone down despite all the layoffs? Do you think modern techniques have streamlined productivity making some positions redundant? Or are these things a drop in the bucket compared to outsourcing/lack of willingness to invest in R&D.

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3. GG on September 6, 2012 7:43 AM writes...

Oops. I mean as a result of all the layoffs.

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4. Ben on September 10, 2012 12:35 PM writes...

I don't believe the cut-backs are as severe as advertised.

A new Merck research facility in China or India will hire 1000 researchers at 1/3 the price. Wage arbitrage at its best.

We may be very well living through a period of great expansion in the pharma industry. Does anyone believe anything one reads in Corporate reports today? Merck may be hiring (or sub-contracting) thousands of workers in India.

Fraud is not just ignored by the SEC (or its foreign equivalents), it is actively covered up with agency help.

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