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Merck has strong quarter even as COVID-19 treatment tumble

Por: ABC News Business April 27, 2023

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Merck beat first-quarter expectations and hiked its 2023 forecast even as sales plunged for its COVID-19 treatment and a strong dollar hurt revenue. Soaring sales of the drugmaker’s top seller, the cancer treatment Keytruda, helped counter those hits, a drop expected by analysts.Merck said Thursday that sales of the COVID-19 treatment Lagevrio sank 88% in the quarter to $392 million. Lagevrio and Pfizer’s Paxlovid debuted well over a year... + full article



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