Merck KGaA's Rebif Facing Irreversible Decline, Avelumab Update Expected Soon

New oral therapies for multiple sclerosis are starting to have their expected adverse effect on sales of Merck KGAA's best-selling injectable product Rebif (interferon beta-1a), whose sales markedly declined in the 2015 second quarter.

New oral therapies for multiple sclerosis are starting to have their expected adverse effect on sales of Merck KGAA's best-selling injectable product Rebif (interferon beta-1a), whose sales markedly declined in the 2015 second quarter.

Although currency exchange rate tailwinds of 11.3% helped to maintain Rebif's reported sales at €461m in the quarter, without those...

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