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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Merck & Co., Inc. of Class Action Lawsuit and Upcoming Deadlines - MRK
Prnewswire· 2025-03-03 17:50
NEW YORK, March 3, 2025 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Merck & Co., Inc. ("Merck" or the "Company") (NYSE: MRK). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether Merck and certain of its officers and/or d ...
These S&P 500 Stocks Have Low P/E Ratios — Time to Buy?
MarketBeat· 2025-03-03 13:02
Purchasing stocks at the right time can maximize your return on investment, especially if you plan to buy and hold shares toward a short-term or medium-term financial goal. A stock’s P/E ratio can give you an immediate idea of whether a stock is trading at, below or above fair value. While the average P/E ratio varies by industry, most analysts consider a stock with a P/E ratio below 25 to be potentially undervalued by the market.   As the S&P 500 comes off its worst trading week of the year, a few of the i ...
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of April 14, 2025 in Merck Lawsuit - MRK
Prnewswire· 2025-03-03 10:45
NEW YORK, March 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Merck & Co., Inc. (NYSE: MRK).Shareholders who purchased shares of MRK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/merck-co-inc-loss-submission-form/?id=132974&from=4 CLASS PERIOD: February 3, 2022 to Febru ...
Merck (MRK) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-02-28 23:51
Merck (MRK) ended the recent trading session at $92.25, demonstrating a +1.84% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.59%. Elsewhere, the Dow gained 1.39%, while the tech-heavy Nasdaq added 1.63%.Prior to today's trading, shares of the pharmaceutical company had lost 8.46% over the past month. This has lagged the Medical sector's loss of 0.63% and the S&P 500's loss of 2.42% in that time.Market participants will be closely following the f ...
Merck Slips 8% in a Month: Should You Buy, Hold or Sell the Stock?
ZACKS· 2025-02-28 14:46
Merck (MRK) stock has declined 7.8% in the past month — in roughly the span after it announced fourth-quarter 2024 results and provided a disappointing guidance for 2025.On Feb. 4, Merck announced its fourth-quarter and full-year 2024 results. While the drug giant beat estimates for both earnings and sales, its financial outlook for 2025, provided along with the earnings release, fell short of investor expectations.Sales of human papillomavirus vaccine, Gardasil, which is Merck’s second largest product, dec ...
Merck & Co., Inc. Investors: Please contact the Portnoy Law Firm to recover your losses; April 14, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-02-27 20:53
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Feb. 27, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Merck & Co., Inc. ("Merck" or the "Company") (NYSE: MRK) investors of a class action representing investors that bought securities between February 3, 2022 and February 3, 2025, inclusive (the "Class Period"). Merck investors have until April 14, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portno ...
Shareholders that lost money on Merck & Co., Inc.(MRK) Urged to Join Class Action - Contact The Gross Law Firm to Learn More
Prnewswire· 2025-02-27 10:45
NEW YORK, Feb. 27, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Merck & Co., Inc. (NYSE: MRK).Shareholders who purchased shares of MRK during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE: https://securitiesclasslaw.com/securities/merck-co-inc-loss-submission-form/?id=132351&from=4 CLASS PERIOD: February 3, 2022 to Febr ...
MERCK INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces that Merck & Co., Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - MRK
GlobeNewswire News Room· 2025-02-26 22:10
Core Viewpoint - The article discusses a class action lawsuit against Merck & Co., Inc. for alleged violations of the Securities Exchange Act of 1934, focusing on misleading statements regarding the company's revenue outlook and the performance of its Gardasil product during the class period from February 3, 2022, to February 3, 2025 [1][3]. Summary by Sections Class Action Lawsuit Details - The lawsuit, titled Cronin v. Merck & Co., Inc., allows purchasers of Merck securities during the specified class period to seek appointment as lead plaintiff by April 14, 2025 [1][2]. - Allegations include that Merck executives misrepresented the company's revenue outlook and downplayed competition risks related to Gardasil, particularly in China [3]. Financial Impact and Stock Performance - On July 30, 2024, Merck disclosed a significant drop in shipments from its distributor, leading to a nearly 10% decline in stock price [4]. - Following the release of fourth quarter fiscal year 2024 results on February 4, 2025, which reported a 3% decline in Gardasil sales to $8.6 billion, Merck's stock fell over 9% [5]. Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows investors to seek lead plaintiff status, with the lead plaintiff representing the interests of the class [6]. - Investors can choose their legal representation, and participation as lead plaintiff does not affect the ability to share in any potential recovery [6]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a prominent law firm specializing in securities fraud cases, having secured $6.6 billion for investors in class action cases, making it a leader in the field [7].
Merck's Oncology Strength: Beating Wall Street Again
Seeking Alpha· 2025-02-26 14:15
Dear Seeking Alpha readers, I want to start by apologizing that since the publication of my article "Merck: Seriously Undervalued At Peak Pessimism (Rating Upgrade)," Merck & Co., Inc. (NYSE: MRKWith over two decades of dedicated experience in investment, Allka Research has been a guiding force for individuals seeking lucrative opportunities. Its conservative approach sets it apart, consistently unearthing undervalued assets within the realms of ETFs, commodities, technology, and pharmaceutical companies.Al ...
Merck(MRK) - 2024 Q4 - Annual Report
2025-02-25 21:19
Regulatory Approvals - The company received FDA approval in January 2024 for a treatment related to Stage III-IVA cervical cancer based on the KEYNOTE-A18 trial[31]. - In February 2024, the company obtained China's NMPA approval for a first-line treatment of locally advanced or metastatic biliary tract carcinoma based on the KEYNOTE-966 trial[31]. - The company achieved FDA full approval in January 2024 for a treatment of HCC secondary to hepatitis B, transitioning from accelerated to full approval based on the KEYNOTE-394 trial[31]. - The FDA issued a Complete Response Letter (CRL) for the BLA of MK-1022 due to findings from a third-party manufacturing facility inspection, with no issues identified regarding efficacy or safety data[104]. - The FDA accepted a supplemental NDA for MK-6482 for priority review, with a target action date set for May 26, 2025[105]. - V116, a 21-valent pneumococcal conjugate vaccine, is under review in the EU and Japan, with a recommendation for approval expected by the second quarter of 2025[106]. - Keytruda (MK-3475) is under review in the EU and Japan for first-line treatment of unresectable advanced malignant pleural mesothelioma, with a positive opinion from EMA's CHMP[110]. - The FDA accepted the BLA for MK-1654 (clesrovimab) with a PDUFA date set for June 10, 2025, aimed at protecting infants from RSV[108]. Market and Pricing Pressures - The company reported that global health care cost containment pressures negatively impacted sales performance in 2024, affecting pricing and market access[37]. - The company anticipates ongoing pricing pressures from managed care organizations and government programs, which could adversely affect sales and profit margins[40]. - The Company faces increasing pricing pressure due to consolidation among health care entities, which enhances purchasing strength and may adversely affect revenue[42]. - Legislative changes from the IRA will impose financial penalties for drugs with price increases exceeding inflation rates, affecting the Company's pricing strategy starting in 2026[43]. - The Company anticipates a decline in U.S. sales of Keytruda after government price setting takes effect on January 1, 2028[43]. - The American Rescue Plan Act eliminates the cap on Medicaid rebates starting January 2024, potentially increasing rebate payments for the Company[46]. - In China, the recent NRDL update resulted in an average price reduction of 63% for new entries, indicating significant pricing pressure[60]. - The volume-based procurement (VBP) program in China has led to average price reductions of over 50% for mature products in recent rounds[60]. - The EU's Health Technology Assessment Regulation will begin in 2025, influencing pricing and reimbursement decisions for new products[54]. - The Company is subject to government-mandated annual price reductions in Japan, with the next reduction scheduled for April 2025[59]. - The Company expects ongoing pricing pressures and market access challenges in emerging markets due to government price controls[61]. Competition and Market Strategy - The company is facing increasing competition from generic and biosimilar products, which may impact sales of existing products[34]. - The company is refining its sales and marketing efforts to adapt to changing industry conditions and competition[35]. - The company is well-positioned to respond to evolving health care environments and market forces through continuous evaluation and adaptation of its business practices[39]. - The company has received multiple product approvals in 2024 and 2025, indicating a strong pipeline of new treatments[30]. - Merck is diversifying its oncology portfolio with numerous Phase 3 programs focused on immuno-oncology, precision molecular targeting, and tissue targeting[111]. - The company focuses on breakthrough science for unmet medical needs, prioritizing research and development resources on candidates with clear advantages for patients and payers[89]. - The company maintains a strategy of supplementing internal research through acquisitions and external alliances across the entire spectrum of collaborations[89]. - The company is actively pursuing acquisitions and external alliances to complement its internal research capabilities[481]. - Merck's recent transactions reflect a strategic focus on expanding its product pipeline and market presence through significant investments[481]. Research and Development - As of December 31, 2024, approximately 23,500 employees were engaged in the company's research and development activities[88]. - The company is pursuing multiple candidates in its clinical pipeline across various disease areas, including cancer, cardiovascular diseases, and infectious diseases[90]. - Research and development expenses decreased significantly to $17,938 million in 2024 from $30,531 million in 2023[432]. - The company’s research and development model aims to increase productivity and improve the probability of success in drug development[89]. - The company is committed to ensuring that externally sourced programs remain an important component of its pipeline strategy[89]. - Merck's MK-7962 (Winrevair) shows positive topline results in Phase 3 ZENITH study for PAH, leading to early termination due to overwhelming efficacy[107]. - The clinical development program for favezelimab was terminated after evaluation of data from the clinical program[120]. - The Phase 2b trial for MK-8189 did not meet its primary efficacy endpoint, halting further development in schizophrenia and related indications[120]. - Merck announced the discontinuation of the Phase 3 KeyVibe trials for MK-7684A due to meeting pre-specified futility criteria for overall survival[120]. - The company has several drug candidates under review with anticipated patent expirations extending into the 2040s, indicating a robust pipeline for future products[83]. Financial Performance - The Company achieved sales of $64,168 million in 2024, a 6.8% increase from $60,115 million in 2023[432]. - Net income attributable to Merck & Co., Inc. rose to $17,117 million in 2024, compared to $365 million in 2023[432]. - Cash dividends declared on common stock increased to $3.12 per share in 2024, up from $2.96 per share in 2023 and $2.80 per share in 2022, totaling $7,943 million in 2024[436]. - Net cash provided by operating activities rose to $21,468 million in 2024, compared to $13,006 million in 2023 and $19,095 million in 2022[438]. - The company reported a decrease in inventories by $835 million in 2024, following a decrease of $816 million in 2023[438]. - The total comprehensive income for 2024 included a net increase of $216 million, contrasting with a loss of $393 million in 2023[436]. - The company’s cash, cash equivalents, and restricted cash at the end of 2024 amounted to $13,318 million, up from $6,909 million in 2023[438]. - The U.S. provision for aggregate customer discounts covering chargebacks and rebates was $13.3 billion in 2024, up from $12.5 billion in 2023 and $12.3 billion in 2022[454]. Environmental Sustainability - The company is committed to reducing energy usage, water use, and greenhouse gas emissions as part of its environmental sustainability strategy[134]. - The Company aims to reduce Scope 1 and 2 operational GHG emissions by 46% by 2030, and Scope 3 GHG emissions by 30% by 2030, both from a 2019 baseline[135]. - The Company has set a net-zero target for GHG emissions across its global operations by 2045[135]. - Expenditures for environmental remediation were $4 million in 2024, with an estimated total of $26 million for 2025-2029[140]. - The company is committed to achieving its 2025 waste diversion goal of no more than 20% of global operational waste sent to landfills[142]. - The Environmental, Health and Safety Council oversees the company's environmental sustainability strategy and monitors performance against its goals[133]. Workforce and Employee Engagement - As of December 31, 2024, the company had approximately 75,000 employees worldwide, with 31,000 in the U.S. and 15,000 third-party contractors[124]. - The company's voluntary turnover rate was approximately 4.6% in 2024, down from 5.6% in 2023[124]. - In 2024, the company hired approximately 7,300 employees globally through various recruitment channels[127]. - Women comprise 52% of the company's workforce, and 39% of the senior management team are women[124]. - The company's benefits rank in the top quartile of Fortune 100 companies under the Aon 2024 Benefits Index[129]. - The company has been included in the Seramount 100 Best Companies ranking for 38 consecutive years[129]. - The company offers a minimum standard of 12 weeks of paid parental leave globally[129]. - The company received accolades such as the Business Group on Health's Best Employers Excellence in Health & Well-being in 2024[130]. Data Protection and Compliance - The company is subject to the EU General Data Protection Regulation (GDPR), which can impose penalties of up to 4% of global revenue for non-compliance[70]. - The GDPR requires strict obligations for processing personal health data, including consent and notification to data protection authorities, adding complexity to data management[71]. - Merck has entered into EU-approved Standard Contractual Clauses to facilitate lawful data transfers from the EU to the U.S. following the Schrems II decision[71]. - The Personal Information Protection Law (PIPL) in China requires compliance for processing personal information, similar to GDPR but with unique requirements[75]. - The company has adopted a comprehensive global privacy program to manage evolving data protection requirements across multiple jurisdictions[76]. Acquisitions and Collaborations - Merck will acquire WuXi Vaccines' facility in Dundalk, Ireland for approximately $440 million, expected to close in Q1 2025[482]. - Merck recorded a charge of $588 million for the upfront payment related to the exclusive global license of MK-2010, with potential future payments totaling up to $2.8 billion[483]. - Merck acquired the aqua business of Elanco for $1.3 billion, enhancing its Animal Health portfolio with innovative products[487]. - Merck acquired EyeBio for $1.2 billion, with future contingent payments potentially reaching $1.7 billion[487]. - Merck's acquisition of Harpoon Therapeutics for $765 million included a charge of $656 million to R&D expenses, with no future contingent payments[492]. - In 2023, Merck acquired Prometheus Biosciences for $11 billion, with a charge of $10.2 billion to R&D expenses[494]. - Merck's collaboration with Daiichi Sankyo includes three ADC candidates, enhancing its development and commercialization capabilities[493]. - Merck entered a collaboration with Kelun-Biotech, making an upfront payment of $175 million for exclusive rights to develop up to seven investigational preclinical ADCs for cancer treatment[495]. - Merck paid $38 million to Kelun-Biotech for exercising a license option for one candidate, with potential future payments of up to $540 million in development-related payments and $1.5 billion in regulatory milestones[496]. - Merck's collaboration with Orna Therapeutics included an upfront payment of $150 million and potential future payments of up to $3.1 billion in sales-based milestones[500].