Merck & Co.

US maker of prescription medicines, vaccines and animal-health products

Overview

Merck & Co., headquartered in Rahway, New Jersey, provides prescription medicines, vaccines, biologic therapies and animal-health products,.[2] Forbes records sales of US$65.5bn and profit of US$8.9bn, with a market value of US$275.1bn.[2] Its reporting is split into a Pharmaceutical segment covering human medicines and vaccines, an Animal Health segment for livestock and companion animals, and a residual Other segment.[2] In October 2025 Merck completed the purchase of Verona Pharma for US$107 per American depositary share, a transaction valued at about US$10bn, gaining Ohtuvayre (ensifentrine), a maintenance treatment for chronic obstructive pulmonary disease.[5] Sales grew 2.8% against the prior-year figure, slower than most peers, and the company slipped from third to fourth place as Lilly overtook it.[2] It is a separate company from Merck KGaA of Darmstadt, which ranks seventeenth.

Merck & Co. strengths and limitations

Strengths

  • Fourth-largest sales in the industry
  • Animal-health arm diversifies revenue
  • Added a respiratory product through the Verona deal

Limitations

  • Sales growth of 2.8% trailed most peers
  • Shares its name with the unrelated Merck KGaA
  • Acquisitions add amortisation charges

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Merck & Co. peers and competitors

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