Mer­ck KGaA life sci­ences re­org will claim 200 jobs; Tesaro shares sink on new re­port dis­count­ing buy­out talk

→ Mer­ck KGaA is win­now­ing out 200 jobs over the next five years as it re­or­ga­nizes its Eu­ro­pean life sci­ences busi­ness. The com­pa­ny is con­sol­i­dat­ing the man­u­al fill­ing and dis­tri­b­u­tion of non-reg­u­lat­ed lab­o­ra­to­ry chem­i­cals and reagents in Schnell­dorf, Ger­many while clos­ing ops in Stein­heim, Ep­pel­heim, Ho­hen­brunn and Berlin. The re­org calls for an in­vest­ment of €90 mil­lion in four sites in Ger­many, Switzer­land and France.

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