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2021-10-28

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Merck raises full-year profit target after cancer drug sales help Q3 beat

(Reuters) -Merck & Co Inc raised its full-year adjusted profit forecast on Thursday, after strong de

Merck raises full-year profit target after cancer drug sales help Q3 beat

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That could give Merck's profit forecast room to grow if the drug gets U.S. authorization this year.</p>\n<p>Merck's shares rose 2.4% before the opening bell.</p>\n<p><img src=\"https://static.tigerbbs.com/b7cb17007b56605e17fcfbaa50ab19e1\" tg-width=\"883\" tg-height=\"598\" width=\"100%\" height=\"auto\"></p>\n<p>The company earlier this month reported data that showed molnupiravir could halve the chances of dying or being hospitalized for those most at risk of developing severe COVID-19.</p>\n<p>Merck and partner Ridgeback Biotherapeutics have applied for emergency use authorization of the drug, which could potentially change how COVID-19 is treated.</p>\n<p>Net income attributable to Merck rose to $4.57 billion, or $1.81 per share in the third-quarter, from $2.94 billion, or $1.16 per share, a year earlier.</p>\n<p>Excluding <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time items, Merck earned $1.75 per share, beating estimates of $1.55 per share.</p>\n<p>Sales from Gardasil, a vaccine to prevent cervical cancer due to human papillomavirus, jumped nearly 68% to $1.99 billion, beating analysts' average estimate of $1.35 billion, according to IBES data from Refinitiv.</p>\n<p>Sales from cancer drug Keytruda, which is on track to become the world's best-selling treatment by 2023, rose 22% to $4.53 billion, beating estimates of $4.31 billion.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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That could give Merck's profit forecast room to grow if the drug gets U.S. authorization this year.\nMerck's shares rose 2.4% before the opening bell.\n\nThe company earlier this month reported data that showed molnupiravir could halve the chances of dying or being hospitalized for those most at risk of developing severe COVID-19.\nMerck and partner Ridgeback Biotherapeutics have applied for emergency use authorization of the drug, which could potentially change how COVID-19 is treated.\nNet income attributable to Merck rose to $4.57 billion, or $1.81 per share in the third-quarter, from $2.94 billion, or $1.16 per share, a year earlier.\nExcluding one-time items, Merck earned $1.75 per share, beating estimates of $1.55 per share.\nSales from Gardasil, a vaccine to prevent cervical cancer due to human papillomavirus, jumped nearly 68% to $1.99 billion, beating analysts' average estimate of $1.35 billion, according to IBES data from Refinitiv.\nSales from cancer drug Keytruda, which is on track to become the world's best-selling treatment by 2023, rose 22% to $4.53 billion, beating estimates of $4.31 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":879,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}