1Q EARNINGS: Merck looks to innovation not consolidation
This article was originally published in Scrip
Executive Summary
Merck & Co pharmaceutical sales fell 5% during the first quarter of 2014 to $8.5bn versus $8.9bn a year ago due to generic competition and foreign exchange impacts, so Merck chairman and CEO Kenneth Frazier maintained his position that the company will focus on innovation in key therapeutic areas to drive value going forward.
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