Tuesday, April 21, 2015

Merck to move NJ headquarters

Drugmaker will close Whitehouse Station, consolidate in Summit

Merck to move NJ headquarters

In the latest sign of cost-cutting by drugmakers, Merck says it will shut its 20-year-old headquarters complex in Whitehouse Station, NJ, and move 2,000 staff to its partly-empty research and consumer operations facility in nearby Summit, NJ, and to other offices in Branchburg and Cokesbury. 

"The relocation of our headquarters will help us achieve our future vision, reduce the size of our operating footprint, and increase agility as we adapt to our changing business environment," said Kenneth C. Frazier, chairman and chief executive officer of Merck, in this statement.

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PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

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