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Merck’s Iain Dukes On New BD Culture: Regional Hubs And Sourcing Innovation

Since Dukes arrived six months ago as head of Merck Research Labs’ licensing and external affairs, Merck has consolidated and restructured its scattered business development functions, rolled out its regional BD hubs, and rationalized the distinction between equity investments and venture fund investments.

Merck & Co. Inc. executive Iain Dukes told a New York audience March 4 that the company’s consolidation of business development and research capabilities into regional hubs is designed to help the pharma access innovation at the source.

The newly appointed senior vice president of Merck Research Labs’ licensing and external affairs discussed the company’s plans at New...

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