Merck builds on strong 2019 with plan to spin out legacy brands
New Jersey, USA-based drugmaker Merck & Co (NYSE: MRK) has posted revenues of $11.9 billion for the last quarter of 2019, matching analysts’ expectations, making full-year revenues of $46.8 billion.
At the same time, the company announced it would spin off over $6 billion worth of assets in order to focus on what it sees as key growth pillars for the future.
Following generally accepted accounting principles (GAAP), Merck reported earnings per share of $0.92 for the fourth quarter and $3.81 for the full year of 2019.
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