来源: Pharmaceutical Technology
MSD is anticipating worldwide sales of between $62.7bn and $64.2bn for full-year 2024. Credit: rafapress via Shutterstock.
MSD has reported its FY 2023 financial results, revealing a 1% increase in revenues of $60.1bn from $59.3bn reported in 2022.
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来源: Pharmaceutical Technology
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The high 2022 revenues were driven at a time when the threat of the Covid-19 pandemic was still significant. However, as the demand for Covid-19 treatments diminishes, companies are seeing revenue decreases in vaccines and treatments, with Pfizer reporting a 42% revenue drop for FY 2023 in comparison to 2022. While Merck & Co was relatively buffeted by the diminishing Covid-19 treatment revenues, the impending patent expiry for its blockbuster drug may be challenging in a few years. The PD-1 inhibitor Keytruda, which is approved to treat 17 tumour types and other cancers based on the presence of certain genetic alterations, generated $25bn sales in 2023, a 19% increase compared to $20.9bn in 2022. Despite Keytruda’s success, sales are forecast to drop as its patent runs out in 2028, opening up an opportunity for an influx of biosimilars. According to an analyst consensus forecast on GlobalData’s Pharma Intelligence Center, Keytruda sales are forecasted at $27.4bn in 2029, a decrease of 19% from $33.7bn in 2028 estimates. See Also:BMS reports 2% revenue loss in 2023 after Revlimid generics hurt sales 来源: Pharmaceutical Technology
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来源: Pharmaceutical Technology
Looking forward to 2024, MSD expects overall worldwide sales to be between $62.7bn and $64.2bn. The company is strengthening its immunotherapy portfolio by building a pipeline of early-stage assets. Earlier this year, the company entered a definitive agreement to acquire US-based Harpoon Therapeutics for $680m. Under the terms of the deal, Merck will acquire Harpoon’s T-cell engagers – engineered antibodies that redirect T cells to attack cancer cells. The deal is expected to close in H1 2024. The company also noted in the announcement lower sales of its anti-diabetic agent Januvia (sitagliptin), citing competition from generics in ex-US markets and lower demand in the US. Januvia is also one of the ten drugs that will be subject to price negotiations with the Centers for Medicare and Medicaid Services (CMS) under the Inflation Reduction Act (IRA) in the US. Januvia was identified as one of the 48 drugs, that are reimbursed under Medicare Part B, that raised prices at a rate faster than inflation. Januvia generated $2.2bn sales in 2023, compared to $2.8bn in 2022. In the announcement accompanying the full year results, CEO of MSD Robert Davis said: “We reached more than 500 million people with our medicines last year alone, over half of which were donations, including through our program to treat river blindness. “We also made investments of approximately $30 billion in research and development in our ongoing effort to discover, develop and collaborate to propel the next generation of impactful innovations.”
Free ReportHow is the Biopharmaceutical industry evolving?
2021 was a year of continued innovation and change in the Biopharmaceutical industry. As the COVID-19 pandemic continues to take its toll on businesses worldwide, it’s time to look for new ways to create value, prepare for the future, and remain competitive in the ever-changing landscape. GlobalData’s expansive report examines the business environment and trends that shape the Biopharmaceutical industry. We highlight the most impactful emerging technologies, as well as the industry, regulatory, and macroeconomic factors that influence growth prospects.
Benchmark the impact of major themes on the Biopharmaceutical industry.
Gain a deeper "on the ground" perspective through exclusive opinions and analysis from industry respondents.
Evaluate the effects of COVID-19 on the sector. Download the full report to understand what to expect and how to align your strategies for success.
来源: Pharmaceutical Technology
Antigua & Barbuda (+1268)
Bosnia Herzegovina (+387)
Cape Verde Islands (+238)
Central African Republic (+236)
Dominican Republic (+1809)
Sao Tome & Principe (+239)
Trinidad & Tobago (+1868)
Turks & Caicos Islands (+1649)
United Arab Emirates (+971)
Virgin Islands - British (+1284)
Virgin Islands - US (+1340)
Bonaire, Sint Eustatius and Saba
British Indian Ocean Territory
French Southern Territories
Heard Island and McDonald Islands
Saint Helena, Ascension and Tristan da Cunha
Saint Pierre and Miquelon
Saint Vincent and The Grenadines
South Georgia and The South
US Minor Outlying Islands
-->By downloading this case study, you acknowledge that GlobalData may share your information with GlobalData and that your personal data will be used as described in their Privacy Policy Submit
Visit our Privacy Policy for more information about our services, how GlobalData may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
Thank you.You will recieve your mail in sometime.So, please check your email to download the Report.