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TheStreet Open House

Merck Announces Third-Quarter 2012 Financial Results

Stock quotes in this article: MRK

Select Revenue Highlights

Worldwide sales were $11.5 billion for the third quarter of 2012, a decrease of 4 percent. Excluding the unfavorable impact of foreign exchange, sales were comparable with the third quarter of 2011. Strong growth of key products offset the negative impact of the August 2012 loss of market exclusivity for SINGULAIR (montelukast sodium) in the United States.

The following table reflects sales of the company's top pharmaceutical products, as well as total sales of animal health and consumer care products.

           

$ in millions

 

Third Quarter 2012

 

Third Quarter 2011

 

Change

Total Sales   $11,488   $12,022   -4%
Pharmaceutical   9,875   10,354   -5%
JANUVIA   975   846   15%
ZETIA   645   614   5%
SINGULAIR   602   1,336   -55%
GARDASIL   581   445   31%
REMICADE   490   561   -13%
VYTORIN   423   469   -10%
JANUMET   405   350   16%
ISENTRESS   399   343   16%
PROQUAD, M-M-R II and VARIVAX   396   391   1%
COZAAR/HYZAAR   295   404   -27%
Animal Health   815   826   -1%
Consumer Care   451   421   7%
Other Revenues   347   421   -17%

Pharmaceutical Revenue Performance

Third-quarter pharmaceutical sales declined 5 percent to $9.9 billion, including a 5 percent negative impact due to foreign exchange. Strong sales growth for GARDASIL [Human Papillomavirus Quadrivalent (Types 6, 11, 16 and 18) Vaccine, Recombinant], JANUVIA (sitagliptin), VICTRELIS (boceprevir), ZOSTAVAX (zoster vaccine live), ISENTRESS (raltegravir), and JANUMET (sitagliptin/metformin hydrochloride) offset the expected declines in sales of SINGULAIR, COZAAR (losartan potassium) and HYZAAR (losartan potassium and hydrochlorothiazide).

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