Merck's unit Allergopharma plans Euro 40 mn facility in Germany
Completion of the new facility, which will be used to expand production to serve new markets such as China, is scheduled for 2016
BS B2B Bureau B2B Connect | Reinbek, Germany

“We want to fully exploit the potential of our business, whether in emerging markets or in rapidly growing and highly promising areas such as the global allergy market. By offering a highly competitive product range, we want to continue to tap the global allergy market,” said Stefan Oschmann, Merck Executive Board member with responsibility for Pharmaceuticals, including the Allergopharma unit.
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The market for allergy therapies (excluding symptomatic treatments) is showing strong global growth. The high world-wide market growth expected by market researchers will be generated on the one hand by an increasing number of people with allergies, and on the other hand by increasing use of specific immunotherapy in many emerging markets. Global growth is estimated to be between 5% and 10% per year.
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First Published: Dec 12 2013 | 5:35 PM IST

