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Stock impact report

Merck sees $2.1 billion hit to full-year sales from coronavirus pandemic [Yahoo! Finance News]

Merck & Company, Inc. (new) (MRK) 
Last merck & company, inc. (new) earnings: 4/28 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.merck.com/home/default.aspx
FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New JerseyReuters) - Merck & Co Inc warned of a $2.1 billion hit to its 2020 revenue on Tuesday as social distancing due to the COVID-19 pandemic is expected to hammer sales of medically administered drugs including its blockbuster Keytruda treatment.Roughly 66% of its revenue comes from such drugs that need a patient to visit a doctor's office, the company said, adding that the estimate included $400 million in losses at its animal health business."The company anticipates reduced demand for its physician-administered products while pandemic-related access measures remain in place," Merck said in a statement.Shares of the company fell 2.4% after the company also said it was suspending its share buyback program.However, Merck beat analysts' estimates for profit and sales in the first quarter on strong Keytruda sales.Merck said it saw a slight benefit as customers stocked up on some of its products, includi Show less Read more
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