The Merck logo is seen at a gate to the Merck & Co campus in Rahway, New Jersey, on Jul 12, 2018. NEW YORK: Merck is entering a new era, with sweeping changes across its executive suite and the spinoff off its women's health and other businesses, a bid to enable both resulting companies to grow faster.
Michael Nally, head of marketing for Merck’s huge prescription drug business and a candidate to replace Frazier, departed last month. The chief commercial officer for that business, Frank Clyburn, will become its president and lead both commercial strategy and marketing. The drugmaker said it's focusing its efforts on fighting the pandemic on two fronts: its experimental COVID-19 treatment molnupiravir and helping to manufacture Johnson & Johnson's COVID-19 vaccine under a recent deal. That partnership follows the failure of two experimental vaccines that Merck dropped after early results showed they weren't very effective.
Prescription drug sales were flat at US$10.68 billion. As per usual, they were led by cancer immunotherapy Keytruda, which hauled in US$3.9 billion in the quarter. Januvia and combo drug Janumet for Type 2 diabetes brought in a total of US$1.3 billion.
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