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More on Merck Q1: Net profit +7%

  • Merck (MRK) net profit rises to $1.705B from $1.59B a year earlier
  • Revenues hurt by patent expirations and currency fluctuations.
  • Pharmaceuticals revenues -4.7% to $8.45B, dragged down by generic competition for Merck's Singulair treatment for allergy and asthma; consumer care -4.4%; animal-health -3.2%.
  • Sales of Remicade, Simponi and Isentress, as well as of Diabetes and Vaccines Franchises, grew.
  • Affirms FY guidance for adjusted EPS of $3.35-3.53 vs consensus of $3.45.
  • Shares +1.45% premarket. (PR)
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