RE: Yet again the market doesn't get it!19 Nov 2021 11:48
from Merck's latest results.
"Second-Quarter 2021 Worldwide Sales from Continuing Operations (Excluding Organon) Were $11.4 Billion, 22% Above Second-Quarter 2020; Excluding the Impact from Foreign Exchange, Sales Grew 19% Reflecting Ongoing Recovery from the COVID-19 Pandemic and Strong Underlying Demand Across the Company’s Portfolio of Innovative Products:
KEYTRUDA Sales Grew 23% to $4.2 Billion; Excluding the Impact from Foreign Exchange, Sales Grew 20%"
yes $4.2bn for keytuda alone in one quarter on a drug which is patchy at best on results and side effects. If SC1B1 improves that significantly, Merck will do the deal I suggest and then you do the maths