All rosy at Merck & Co as Keytruda stars in Q3

27 October 2022

Shares in Merck & Co (NYSE: MRK) were nearly 2% higher at lunchtime Thursday after the US pharma giant presented its third quarter 2022 financial results.

Sales and earnings at Merck both beat expectations, thanks in part to a 20% rise in revenue from the immuno-oncology blockbuster Keytruda (pembrolizumab). The big-selling Gardasil/Gardasil 9 HPV vaccine also made a telling contribution with a 15% increase.

Overall, Merck’s total revenue for the quarter grew 14% to $14.96 billion, and adjusted earnings totaled $1.85 per share, a 4% rise.

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