{"id":24793,"date":"2022-10-28T00:36:00","date_gmt":"2022-10-27T16:36:00","guid":{"rendered":"https:\/\/flcube.com\/?p=24793"},"modified":"2025-02-02T00:39:03","modified_gmt":"2025-02-01T16:39:03","slug":"mercks-q3-sales-rise-on-key-drug-performances-china-growth","status":"publish","type":"post","link":"https:\/\/flcube.com\/?p=24793","title":{"rendered":"Merck&#8217;s Q3 Sales Rise on Key Drug Performances, China Growth"},"content":{"rendered":"\n<p>US-based Merck, Sharp &amp; Dohme Inc. (MSD, <a href=\"https:\/\/www.google.com\/finance\/quote\/MRK:NYSE\">NYSE: MRK<\/a>) reported its Q3 2022 financial results, with sales reaching USD 45.45 billion over the first nine months, marking a 32% year-on-year (YOY) growth excluding exchange rate impact. For the three months of Q3, the company generated USD 14.96 billion in sales, up 18% YOY.<\/p>\n\n\n\n<p><strong>Key Product Performances<\/strong><br>During the three-month Q3 period, key products included the programmed death-1 (PD-1) inhibitor Keytruda (pembrolizumab), with sales up 26% to USD 5.4 billion, and the Gardasil\/Gardasil 9 (human papillomavirus) vaccine family, which achieved USD 2.3 billion in sales, a 20% increase. The COVID-19 treatment Lagevrio (molnupiravir), launched in Q4 2021, contributed USD 436 million, though this represented a decline from the over USD 1 billion in Q2 and over USD 3 billion in Q1 sales.<\/p>\n\n\n\n<p><strong>China Market Performance<\/strong><br>China remains MSD&#8217;s second most significant single country market after the US, with Q3 sales reaching USD 1.419 billion, up 11% YOY in reported terms. Over the Q1-Q3 period, market sales in China were up 34% to USD 3.887 billion. The demand for Gardasil in China continues to be strong. As CFO Caroline Litchfield noted during the earnings conference call, MSD \u201crecently received approval from China&#8217;s National Medical Products Administration to expand the use of GARDASIL 9 to girls and women 9 to 45 years of age, which will further expand our opportunity in this important market.\u201d The vaccine was previously approved only for use in women aged 16 to 26.<\/p>\n\n\n\n<p><strong>Leadership Transition<\/strong><br>MSD also announced that current chairman Ken Frazier is set to retire after 10 years in the post and approximately 20 years with the company. Frazier, who stepped down as CEO in 2021, will be succeeded by Robert M. Davis, who was also named MSD&#8217;s president and CEO in 2021.<a href=\"https:\/\/flcube.com\/\">-Fineline Info &amp; Tech<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US-based Merck, Sharp &amp; Dohme Inc. (MSD, NYSE: MRK) reported its Q3 2022 financial results,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAownpewDA:productID":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[27,2675,176,903],"class_list":["post-24793","post","type-post","status-publish","format-standard","hentry","category-company","tag-finanical-reports","tag-merck-sharp-dohme","tag-msd","tag-nyse-mrk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.6 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Merck&#039;s Q3 Sales Rise on Key Drug Performances, China Growth - Insight, China&#039;s Pharmaceutical Industry<\/title>\n<meta name=\"description\" content=\"US-based Merck, Sharp &amp; Dohme Inc. (MSD, NYSE: MRK) reported its Q3 2022 financial results, with sales reaching USD 45.45 billion over the first nine months, marking a 32% year-on-year (YOY) growth excluding exchange rate impact. For the three months of Q3, the company generated USD 14.96 billion in sales, up 18% YOY.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flcube.com\/?p=24793\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Merck&#039;s Q3 Sales Rise on Key Drug Performances, China Growth\" \/>\n<meta property=\"og:description\" content=\"Navigate the complexities of China\u2019s pharmaceutical industry with precision and clarity. FLCUBE delivers reliable data, news, and intelligence to broaden your horizons and sharpen your decision-making. 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