MAYBE our dear madam23 Feb 2021 00:40
May be our dear CEO should read below and focus some points for GSK and stop feathering her own nest with cheap shares. (and take a pay cut)
Management emphasised Merck's strategy of executing on its core business, expanding geographically in high-growth markets, extending its complementary businesses and focussing at managing costs while investing for growth.
The company stated that sales in emerging markets now accounted for about 20% of its pharmaceutical revenue, led by a 19% increase in China.
Merck benefits from a strong balance sheet and cash-generating ability. Along with a strong pipeline and product portfolio, this enables it to offset weakness in any single product.
The company said it plans to seek US regulatory approval by the end of 2013 for its insomnia drug suvorexant, its osteoporosis treatment odanacatib, and cholesterol drug tredaptive.
The group adopts a focus on shareholder return and operates a share buy-back programme.