http://www.fiercebiotech.com/story/roche-blueprints-18b-rd-complex-pred/2014-10-22?utm_medium=rss&utm_source=rss&utm_campaign=rssThey're building a new home for John Reed and Roche's ($RHHBY) pRED research group in Basel--and the pharma giant is thinking big. Roche said today that it is committing $1.8 billion to build a new research center in Switzerland that will encompass four new office and lab buildings to house 1,900 R&D staffers.
The first step of the process will involve construction of an in vivo center for animal research, slated for completion in 2018. And Roche--the top R&D spender in the world with a 2013 budget of $10.3 billion--plans to clear away older buildings to make way for a new office tower as part of a wider building plan that will cost a total of $3.2 billion.
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