The pharma giant had a banner year in 2019, climbing seven slots on the Fortune 500. Revenue rose almost 11%, to $46.8 billion, while profits leaped 58%, to $9.8 billion. Blockbuster cancer drug Keytruda, as well as an expanded line of animal medicines, have helped power Merck’s growth—though its share price has not seen as much of a lift as some competitors'. More recently, Merck has been notably quiet in medical chatter about the novel coronavirus. But executives on a late April earnings call announced that the company has teams scanning its portfolio of antiviral candidates and vaccine assets for potential treatments.
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Latest news for Merck
- LeadershipHow Abbott, Merck, and more health care and biopharma companies took care during COVIDMarch 12, 2021 12:00 PM UTC
- HealthBiden set to announce vaccine manufacturing partnership between Merck and Johnson & JohnsonMarch 2, 2021 9:57 PM UTC
- HealthMerck ends development of two COVID-19 vaccines after weak trial resultsJanuary 25, 2021 12:06 PM UTC
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- HealthOxford’s COVID vaccine deal with AstraZeneca raises concerns about access and pricingAugust 24, 2020 9:00 AM UTC