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    Top Companies Report

    05 Merck

    ...

    05 Merck
    Sales grew an impressive 11% for Merck to $41.8 billion in 2019.
    Tim Wright, Editor, Contract Pharma07.15.20
    Headquarters: Whitehouse Station, NJ
    twitter.com/Merck
    www.merck.com

    Headcount:  71,000
    Pharma Revenues:  $41,751  (+11%)
    Net Income:  $9,843  (+58%)
    R&D:   $9,872  (+1%)

    TOP SELLING DRUGS  
    Drug Indication 2019 Sales (+/-%)
    Keytruda  cancer  $11,084 55%
    Gardasil  HPV vaccine $3,737 19%
    Januvia  diabetes, obesity  $3,482  -6%
    Janumet diabetes, obesity $2,041 -8%
    Bridion Anaesthesia, reversal  $1,131  23%
    Isentress  HIV/AIDS $975  -14%
    Varivax  Varicella prophylaxis $970  25%
    Pneumovax   vaccines  $926  2%
    NuvaRing contraception $879 -3%
    Simponi rheumatoid arthritis  $830  -7%

    Merck’s 2019 pharmaceutical sales increased 11% to $41.8 billion. Sales were driven primarily by the oncology franchise reflecting strong growth of the star of its portfolio, Keytruda, as well as increased revenue related to Lynparza and Lenvima. Also contributing to revenue growth were higher sales of vaccines, including Gardasil/Gardasil 9, Varivax, ProQuad and M‑M‑R II.

    During 2019, Merck received numerous regulatory approvals and progressed many pipeline candidates through clinical development. Within oncology, Keytruda received multiple additional approvals in the U.S., EU, China and Japan as monotherapy in the therapeutic areas of non-small-cell lung cancer, small-cell lung cancer, esophageal cancer and in combination with axitinib for the treatment of renal cell carcinoma, in combination with chemotherapy for head and neck squamous cell carcinoma, and in combination with Lenvima for endometrial carcinoma.

    Lynparza, which is being developed in collaboration with AstraZeneca, received U.S. FDA approval for the treatment of appropriate patients with pancreatic cancer and European Commission (EC) approval for use in certain patients with advanced ovarian cancer and advanced or metastatic breast cancer.

    Investing in its biopharma future
    In the middle of the year Merck announced the restructuring of its manufacturing operations. The plan called for pouring more dollars into biologics manufacturing while closing several older facilities along with a workforce reduction.

    The restructuring of its manufacturing and supply network is expected to be completed by the end of 2023 with estimated costs between $800 million and $1.2 billion, and charges of approximately $500 million in 2019. About half of these costs will relate to the closure of facilities and employee severance, the company said.

    As part of this effort, Merck unveiled plans during the year to invest more than $650 million and create more than 400 jobs in North Carolina, building a new production facility at its Maurice R. Hilleman Center for Vaccine Manufacturing in Durham and expanding its packaging operations in Wilson. This project will enable Merck to meet growing demand for Gardasil and Gardasil 9 recombinant human papillomavirus (HPV) vaccine, which is used to prevent several cancers associated with HPV.

    Merck’s Gardasil 9 vaccine helps prevent nine strains of HPV, including two HPV types that cause an estimated 70% of cervical cancers. Merck’s project to expand its North Carolina facilities includes plans to design, build, and win qualification from the FDA for a new 225,000 square foot manufacturing facility to produce active ingredient for the vaccine. The new facility will be located at Merck’s current manufacturing center in Durham.

    In October 2018, the company announced plans to invest $122 billion in new projects through 2022 to increase manufacturing capacity across its key businesses. Part of this includes a new biologics plant at its Swords site near Dublin, Ireland to manufacture Keytruda, which is expected to open by 2021.

    As part of its restructuring efforts, in February 2020, Merck announced its intention to spin-off products from its women’s health, legacy brands and biosimilars businesses into a new, yet-to-be-named, independent company.

    Bolstering oncology and vaccine pipelines
    At the end of the year, Merck diversified its oncology pipeline with expansion into targeted therapies that treat hematological malignancies. It acquired the cancer drug company ArQule for $2.7 billion. ArQule is a biopharmaceutical company focused on kinase inhibitor discovery and development for the treatment of patients with cancer and other diseases. ArQule’s lead investigational candidate, ARQ 531, is a novel, oral Bruton’s tyrosine kinase (BTK) inhibitor currently in a Phase 2 dose expansion study for the treatment of B-cell malignancies.

    To expand its oncology presence further, Merck bought Peloton Therapeutics in a $2.2 billion deal. Peloton is a clinical-stage biotech focused on the development of novel small molecule therapeutic candidates targeting hypoxia-inducible factor-2α (HIF-2α) for the treatment of patients with cancer and other non-oncology diseases. Peloton’s lead candidate is PT2977, a novel oral HIF-2α inhibitor in late-stage development for renal cell carcinoma (RCC).

    In a smaller deal, mid-year Merck paid $773 million for the biotech Tilos Therapeutics and its compelling portfolio of investigational antibodies modulating transforming growth factor beta (TGFβ). Tilos is developing therapeutics targeting the latent TGFβ complex for the treatment of cancer, fibrosis and autoimmune diseases. Tilos was founded by Boehringer Ingelheim Venture Fund and Partners Innovation Fund, based on discoveries by the laboratory of Dr. Howard Weiner at Brigham and Women’s Hospital and Harvard Medical School.

    In other oncology news, Merck established a collaboration with Taiho Pharmaceutical and Astex Pharmaceuticals, a subsidiary of Otsuka. The partnership will focus on the development of small molecule inhibitors against several drug targets, including the KRAS oncogene, which are currently being investigated for the treatment of cancer. The deal is potentially worth up to $2.5 billion.

    On the vaccines front, Merck bolstered its capabilities in vaccine development for infectious diseases and cancer when it acquired Immune Design for $300 million. Immune Design is a late-stage immunotherapy company employing next-generation in vivo approaches to enable the body's immune system to fight disease. The company's proprietary technologies, GLAAS and ZVex, are engineered to activate the immune system's natural ability to generate and/or expand antigen-specific cytotoxic immune cells to fight cancer and other chronic diseases. 

    Related Top Companies Report

    • 25 CSL Behring

      25 CSL Behring

      ...
      Kristin Brooks, Managing Editor, Contract Pharma 07.20.20

    • 22 Astellas

      22 Astellas

      ...
      Kristin Brooks, Managing Editor, Contract Pharma 07.20.20

    • 21 Biogen

      21 Biogen

      ...
      Kristin Brooks, Managing Editor, Contract Pharma 07.20.20


    • 12 Amgen

      12 Amgen

      ...
      Tim Wright, Editor, Contract Pharma 07.20.20

    • 13 Gilead Sciences

      13 Gilead Sciences

      ...
      Kristin Brooks, Managing Editor 07.15.20

    • 10 Bristol-Myers Squibb

      10 Bristol-Myers Squibb

      ...
      Kristin Brooks, Managing Editor, Contract Pharma 07.15.20


    • 03 Novartis

      03 Novartis

      ...
      Tim Wright, Editor, Contract Pharma 07.15.20

    • 02 Roche

      02 Roche

      ...
      Tim Wright, Editor, Contract Pharma 07.15.20

    • 09 Takeda

      09 Takeda

      ...
      Tim Wright, Editor, Contract Pharma 07.15.20


    • 01 Pfizer, Inc.

      01 Pfizer, Inc.

      ...
      Tim Wright, Editor, Contract Pharma 07.15.20

    • The 2020 Top 25 Pharma and Biopharma Companies

      The 2020 Top 25 Pharma and Biopharma Companies

      Top 25 Pharma and Biopharma Companies (Based on 2019 Pharma/Biopharma Sales, in $U.S. Millions)
      Contract Pharma Staff 07.15.20

    • 08 GlaxoSmithKline

      08 GlaxoSmithKline

      ...
      Tim Wright, Editor, Contract Pharma 07.15.20


    • 07 AbbVie

      07 AbbVie

      ...
      Kristin Brooks , Managing Editor, Contract Pharma 07.15.20

    • 06 Sanofi

      06 Sanofi

      ...
      Tim Wright, Editor, Contract Pharma 07.15.20

    • 04 Johnson & Johnson

      04 Johnson & Johnson

      ...
      Tim Wright, Editor, Contract Pharma 07.15.20

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