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MERCK ALERT: Bragar Eagel & Squire, P.C. is Investigating Merck & Co., Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
MerckMerck(US:MRK) GlobeNewswire News Roomยท2025-04-18 01:00

Core Viewpoint - A class action lawsuit has been filed against Merck & Co., Inc. alleging that the company made false and misleading statements regarding its revenue outlook and growth prospects for Gardasil, particularly in relation to competition and drug approval developments [1][2]. Group 1: Allegations of Misleading Statements - The lawsuit claims that Merck created a false impression of having reliable information about its projected revenue and growth for Gardasil while downplaying competitive risks and drug approval challenges [2]. - It is alleged that Merck's optimistic reports regarding growth and demand in China were not reflective of the actual situation, indicating a material decline in the company's ability to drive demand for Gardasil [2]. Group 2: Impact on Stock Price - Following the announcement on July 30, 2024, regarding a significant drop in shipments from its distributor, Merck's stock price fell nearly 10% [3]. - On February 4, 2025, after disclosing a 3% decline in Gardasil sales to $8.6 billion, Merck's stock price dropped more than 9% [4]. Group 3: Legal Representation - Bragar Eagel & Squire, P.C. is investigating potential claims on behalf of long-term stockholders of Merck and is encouraging individuals with information or questions to reach out [1][5].