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MSD's Gardasil sales slide further due to China constraints [Yahoo! Finance]

Novartis AG (NVS) 
Last novartis ag earnings: 4/28 01:00 am Check Earnings Report
US:NYSE Investor Relations: novartis.com/investors
Company Research Source: Yahoo! Finance
During MSD's Q1 2025 earnings call on 24 April, chief financial officer Caroline Litchfield said MSD does not expect to resume Gardasil shipments to China before mid-year, following a suspension announced back in February. Q1 2025 Gardasil sales totalled $1.3bn, down from $2.2bn in Q1 2024. Excluding the impact of foreign exchange, the decline was 40%. Despite the setback in China, the company said the revenue drop was partially offset by stronger demand in the US and Japan. Outside of China, Gardasil sales grew 14%, or 16% on a constant currency basis. Litchfield acknowledged that China would continue to be a hang heavy on the company's vaccine performance this year: “As we look to Gardasil globally this year, we expect China to be a headwind…expect, given the current dynamics in China, that it is not so likely that we will ship further product in China.” The suspension in shipments came amidst a challenging environment in China, where a combination of regulatory scrutiny, gro Show less Read more
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