A logo of bio pharmaceutical company Merck Serono SA is pictured outside the company headquarters in Geneva, in this April 24, 2012 file photo. Merck & Co, taking a cue from rival drugmakers that have... more 
A logo of bio pharmaceutical company Merck Serono SA is pictured outside the company headquarters in Geneva, in this April 24, 2012 file photo. Merck & Co, taking a cue from rival drugmakers that have slashed research spending to bolster earnings, on Tuesday said it plans to cut annual operating costs by $2.5 billion and eliminate 8,500 jobs. REUTERS/Valentin Flauraud/Files (SWITZERLAND - Tags: BUSINESS EMPLOYMENT HEALTH) less 
1 / 2
Reuters | Photo By VALENTIN FLAURAUD / REUTERS
Tue, Oct 1, 2013 10:42 AM EDT