Merck KGaA’s Oncology Sales And Pipeline Updates Dominate Q3 Earnings

Bavencio Sees Double-Digit Growth

The German firm’s oncology franchise grew to more than €400m in the third quarter as sales of Bavencio doubled, while anticancer partnerships and pipeline updates drew interest.      

The winter ends and the springtime shows fresh green and snow covered flowers after snowfall with melting ice and melting snow in the spring sunshine to welcome the revival of life
Merck Is Reviving Its Oncology Pipeline Through Collaboration Deals • Source: Shutterstock

Merck KGaA’s cancer portfolio helped drive overall healthcare sales growth in the third quarter as the major highlighted new collaboration agreements and clinical trial results that bode well for its oncology outlook.

The company’s total healthcare sales rose organically by 8.7% to €2.09bn in the third quarter. The sales beat analyst consensus estimates of approximately €2.02m and were pushed by oncology franchise sales, which increased by 24.5% to €453m in the third quarter

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on Scrip for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Earnings

More from Business