Merck & Co tanks as Gardasil woes hit guidance
US pharma giant Merck & Co (NYSE: MRK) opened Tuesday’s trading 10% lower after announcing its annual and fourth quarter financial results, along with its guidance for 2025.
Investors were likely spooked by Merck’s revenue guidance of $64.1 billion to $65.6 billion being considerably lower than the $67.31 billion that analysts surveyed by LSEG had expected.
According to the company, this sales range reflects a decision to temporarily pause shipments of the HPV vaccine Gardasil/Gardasil 9 into China, beginning February 2025 through at least mid-year.
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