Merck ends Q4 with $1.8B profit: 3 things to know

Drugmaker Merck ended the fourth quarter of 2018 with net income of $1.8 billion, compared to a net loss of $1 billion in the same period a year prior.

Advertisement

Three things to know:

1. Merck saw its worldwide sales increase 5 percent to $11 billion in the fourth quarter of 2018, including a 3 percent negative effect from foreign exchange. Its full-year total sales also increased 5 percent to $42.3 billion.

2. An increase in pharmaceutical sales was driven primarily by growth in the company’s oncology and vaccine units. In addition, lost sales due to a cyberattack in June 2017 unfavorably affected the drugmaker’s revenue for the full year of 2018 by $150 million.

3. For full-year 2018, Merck said pharmaceutical sales increased 6 percent to $37.7 billion, thanks to growth in its oncology, vaccines and hospital acute care businesses.

More articles on pharmacy:
Cancer therapy prices prevent access to treatment, WHO says
Despite controversies, J&J ranks among Fortune’s most-admired companies
Bristol-Myers swings to $1.2B profit in Q4

Advertisement

Next Up in Pharmacy

  • CMS published plans Dec. 23 for its voluntary “Better Approaches to Lifestyle and Nutrition for Comprehensive hEalth” — or BALANCE…

Advertisement

Comments are closed.