Merck KGaA share price up after 1st-qtr results

19 May 2016

German life sciences and pharma company Merck KGaA (MRK: DE) has increased its first-quarter 2016 ales and earnings following the acquisition of US-based pharma equipment maker Sigma-Aldrich.

Shares in the company had risen by 3.4% to 85.47 euros in mid-afternoon trading on Thursday.

It was not just November 2015’s purchase of Sigma-Aldrich, which increased group net sales by 20.5% compared to 1st-qtr 2015, as they went up from $3.36 billion to $4.15 billion.

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