US pharma giant Merck & Co (NYSE: MRK) has beaten estimates with its first quarter 2017 sales figures and has raised its revenue and earnings guidance for 2017.
Worldwide sales for the quarter totaled $9.4 billion, which is only a 1.3% rise on the same period of 2016 but beat the average estimates of analysts of $9.25 billion.
"The continued momentum of Keytruda in oncology, along with the strength of the vaccine and other franchises and animal health, helped to drive revenue growth"
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