Merck’s Immuno-Oncology Platform Is Well-Positioned to Support Long-Term Growth
Merck reported positive Keytruda data (in combination with Pfizer's Inlyta) in first-line renal cancer, opening another growth opportunity for the drug outside of lung cancer. While lung cancer remains the biggest opportunity for Keytruda, we project renal cancer drug sales for immuno oncology drugs to reach $3 billion annually by 2022. However, we don't expect any major changes in our fair value estimate for Merck or Bristol, which holds a competing position in renal cancer with Opdivo plus Yer...Merck & Co. is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. The company's segments are: Pharmaceutical, which includes human health pharmaceutical products that consist of therapeutic and preventive agents for the treatment of human disorders, and human health vaccine products that consist of preventive pediatric, adolescent and adult vaccines; and Animal Health, which discovers, develops, manufactures and markets veterinary pharmaceuticals, vaccines and health management solutions and services, as well as a suite of digitally connected identification, traceability and monitoring products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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