Sales recorded by Merck for GARDASIL, a vaccine to help prevent certain
diseases caused by four types of human papillomavirus (HPV), increased
31 percent to $581 million for the quarter driven by greater uptake in
males in the United States and favorable performance in the emerging
markets.
Combined sales of REMICADE (infliximab) and SIMPONI (golimumab),
treatments for inflammatory diseases, declined 9 percent to $576 million
for the third quarter of 2012. The combined sales grew 4 percent
excluding foreign exchange.
ISENTRESS, an HIV integrase inhibitor for use in combination with other
antiretroviral agents for the treatment of HIV-1 infection, grew 16
percent to $399 million in the third quarter driven by strong growth in
the United States and the emerging markets.
Global sales of Merck's antihypertensive medicines COZAAR and HYZAAR
were down 27 percent to $295 million in the third quarter of 2012 due to
the loss of market exclusivity in the United States and major European
markets in 2010.
Sales of ZOSTAVAX, a vaccine for the prevention of herpes zoster, grew
87 percent to $202 million in the quarter. Growth this quarter was due
to a positive response to supply availability and increased promotional
efforts in the United States.
Sales of VICTRELIS, the company's oral hepatitis C virus NS3/4A protease
inhibitor, grew to $149 million in the quarter versus $31 million last
year as the product continues to launch. VICTRELIS is approved in 64
countries and has launched in 31 of those markets.
Animal Health Revenue Performance
Animal Health sales totaled $815 million for the third quarter of 2012,
a 1 percent decrease compared with the third quarter of 2011, which
includes an 8 percent negative impact due to foreign exchange. Excluding
the negative impact of foreign exchange, performance was driven by the
cattle, poultry and companion animal segments. The Animal Health
division launched the ACTIVYL line of products in the United States,
which is an important addition to the companion animal product line.
Consumer Care Revenue Performance
Third-quarter global sales of Consumer Care were $451 million, an
increase of 7 percent compared to the third quarter of 2011, including a
3 percent negative impact due to foreign exchange. The increase was
primarily driven by the DR. SCHOLL'S footcare line and COPPERTONE
suncare line.
Other Revenue Performance
Other revenues -- primarily comprised of alliance revenue, miscellaneous
corporate revenues and third-party manufacturing sales -- declined 17
percent to $347 million. The change was driven largely by lower revenue
from AstraZeneca LP (AZLP) recorded by Merck, which declined 15 percent
to $255 million, as well as by lower third-party manufacturing sales.
Third-Quarter Expense and Other Information
Marketing and administrative expenses, on a non-GAAP basis, were $3.0
billion in the third quarter of 2012, a decrease from $3.3 billion in
the third quarter of 2011. The decrease was primarily due to foreign
exchange and productivity measures.
Research and development (R&D) expenses, on a non-GAAP basis, were $1.9
billion in the third quarter of 2012, which is in line with the third
quarter of 2011.
Equity income from affiliates was $158 million for the third quarter of
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Merck Announces Q3 Financial Results
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