Merck KGaA Posts Solid Third Quarter as Lower Healthcare Costs Lead to Slight Outperformance
Following Merck KGaA's third-quarter performance coming in slightly ahead of our expectations, we plan to modestly boost our near-term projections, which may lead to a slight increase in our fair value estimate. Lower-than-anticipated operating costs in the healthcare segment, led by cost controls and R&D costs coming in below budget, resulted in management's increased outlook for the remainder of the year. However, ongoing pressure on Rebif and Erbitux along with the re-emergence of competi...Merck is a global science and technology company based in Germany. Co. diversifies its activities into four business divisions: Merck Serono, Consumer Health, Performance Materials and Merck Millipore. The Merck Serono develops, manufactures and markets prescription drugs to treat cancer, multiple sclerosis, infertility, growth disorders, and selected cardiovascular and metabolic diseases. The Consumer Health manufactures and markets over-the-counter drugs addressing health themes such as mobility, women's and children's health, cough and cold. Performance Materials is a specialty chemicals business. The Merck Millipore is the supplier of products and services for the life science industry.
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