Merck income down

August 2, 2010

PHARMACEUTICAL manufacturer Merck & Co has reported a US$752 million dollar dip in its second quarter net income to US$752.4 million from US$1.56 billion in the corresponding period last year. Sales for the quarter however were up to US$11.35b from US$5.9b in 09. Merck blamed its poorer-thanexpected performance on costs associated with restructuring changes incurred through its buyout of the Schering Plough Corporation, as well as patent expiries and a “challenging economy”. The results have also prompted Merck to review its full year profit forecast, putting it between US$45.4b and US$46.1b, down US$300m from its April outlook.

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Pharmacy Daily | Merck income down

Merck income down

Other recent headlines

PD breaking news – Pharmacists to administer NIP vaccinations in aged care

PD breaking news – Top Western Australian talent honoured

Legal action for Montu

SEARCH PHARMACY DAILY

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Recent issues

INDUSTRY JOB VACANCIES