Merck to build £1bn research hub in London

Merck’s UK hub will be its first set of labs outside the US that carry out early-stage research to develop new medicines

US pharmaceutical group, Merck, is planning to build a £1bn hub in London opposite King’s Cross railway station. The facility will include research laboratories.

The company, known in Europe as MSD to distinguish it from Merck of Germany, expects to employ 800 people on the 25,000-square-meter site, due to be called the London Discovery Research Centre.

If Camden Council grants planning permission for Merck’s UK research and business hub, construction will start late next year and MSD expects to move in during 2025. 

Most staff will relocate from MSD’s smaller existing labs in London and its business hub in Hoddesdon, Hertfordshire, but the company also expects to create about 120 new jobs for scientists and technicians. 

“We currently view the UK as a world leader in developing science, driven by the long-term emphasis on building a strong research and development infrastructure,” said David Peacock, MSD managing director for UK and Ireland. “We look forward to being an active participant in the UK's bioscience community.” 

Merck’s UK hub will be its first set of labs outside the US that carry out early-stage research to discover new medicines. The company’s scientists in London will focus on diseases of ageing, with a particular focus on neuroscience. 

MSD is working with Precis Advisory, the property company that owns the proposed site for Merck’s UK hub. The site, called Belgrove House, is at present occupied by low-rise brick buildings which are due to be demolished. 

FURTHER READING: UK energy company Bulb to pay £1.76m in refunds and compensation

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with crypto or fiat
iMac Image