Merck & Co. Inc.’s R&D day Nov. 10 started with a gift to investors – a long-delayed dividend hike of 10.5% – and a pitch by CEO and president Kenneth Frazier to focus on the company’s long-term commitment to innovation as a path to creating shareholder value.
The company is balancing its short- and long-term prospects, as it faces the patent expiration next August of one of its key drugs, Singulair (montelukast) for allergies and asthma, said Frazier
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