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Merck KGaA Highlights Mavenclad Advances In Tough Quarter

 
• By John Davis

Merck KGaA's brace of new products started to garner sales in the third quarter, but the big pharma maintained its 2017 guidance at the lower end of the forecast range in the face of increasing competition to its established pharmaceutical products and to its liquid crystal materials, and currency headwinds.

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Sales of Merck KGAA's new short-course oral multiple sclerosis therapy, Mavenclad (cladribine), amounted to €3-4m in the third quarter, and sales of the company's second new product, the anticancer checkpoint inhibitor, Bavencio (avelumab), are expected to have sales in 2017 of around €20m, reported the company's Chief Financial Officer Marcus Kuhnert.

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