Merck

Merck to cut jobs and costs as demand for Gardasil in China remains weak

The cost cuts include US$1.7 billion in annual savings from the elimination of certain administrative, sales and R&D positions

Merck submitted a nonbinding offer for MoonLake Immunotherapeutics earlier this year, according to the report, which added that the initial approach was rejected but talks could be revived.

Merck held talks to buy biotech MoonLake for over US$3 billion: FT

MERCK has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday, citing three people familiar with the matter.

Merck can now integrate vaccine production within its own manufacturing network to supply global markets.

China’s WuXi Biologics to sell vaccine facility to Merck for US$500 million

WUXI Biologics Cayman will sell a vaccine facility in Ireland to Merck for about US$500 million as the Chinese company seeks to enhance its margins while continuing to navigate geopolitical tensions.

Drugmakers have been racing to come up with pills that could duplicate the effects of Ozempic but would be more convenient to take.

Merck snags Chinese obesity drug in nearly US$2 billion deal

MERCK snagged a potential drug in the burgeoning market for obesity medications in a deal worth as much as US$2 billion.

The deal with LaNova Medicines bolsters Merck’s push into the promising new field of dual-targeted antibodies.

Merck snags Chinese cancer drug for up to US$3.3 billion

MERCK & Co licenced an experimental cancer antibody from a closely held Chinese company in a deal worth US$588 million upfront, plus as much as US$2.7 billion in milestone payments.

Merck now expects total sales of up to US$64.1 billion for the year, US$300 million less than the top end of the guidance the company provided three months ago.

Merck narrows sales outlook with Gardasil lagging in China

MERCK lowered the top end of its full-year sales guidance after demand for its HPV vaccine fell for a second straight quarter in China.

Merck narrowed expectations for its Life Science business, aiming for annual organic sales growth in a 7-to-9 per cent range from a previously anticipated 7 to 10 per cent.

Germany’s Merck open to more M&A for its Life Science division

GERMAN science and technology group Merck is open to more acquisitions for its Life Science business after announcing in May it would buy Mirus Bio for US$600 million, it said ahead of its Capital Mar...

Merck posted a profit of US$5.5 billion, or US$2.14 per share for its second-quarter results on strong growth of its blockbuster cancer immunotherapy Keytruda.

Merck cuts annual profit forecast

Merck now expects 2024 earnings of US$7.94 to US$8.04 per share

"China is the largest end market for semiconductors with more than half of the world's total chip output going to China. Given the unprecedented capacity investment and expansion of domestic chip manufacturers, China is currently also the fastest growing semiconductor manufacturing market worldwide," Merck China president Allan Gabor said in a statement.

Germany's Merck to open semiconductor base in China

GERMAN supplier of chemicals and materials used in making semiconductors, KGaA , said on Tuesday (May 31) it had signed a contract to open a semiconductor base in the Chinese city of Zhangjiagang, des...