Merck KGaA Aims To Launch One New Product Or Major Indication Every 1.5 Years On Average

RTTNews | 1079 days ago
Merck KGaA Aims To Launch One New Product Or Major Indication Every 1.5 Years On Average

(RTTNews) - While providing updates on the company's healthcare research and development strategy, aimed at doubling R&D productivity on Monday, German science and technology firm Merck KGaA (MKGAY.PK) said it will focus its expertise and capabilities and leverage synergies within the existing pipeline to deliver transformative medicines in Oncology, Neurology and Immunology, augmented by an increased focus on external innovation.

This will help it achieve the goal of introducing one new product or major indication every 1.5 years on average. The company expects more than 50% of future launches to result from external co-development partnerships and strategic in-licensing of assets for further in-house development.

The company will also build on its established expertise in the underlying biology of its focused therapeutic areas of oncology, neurology and immunology and will leverage technological capabilities to increase R&D productivity.

The company's oncology research and development strategy centers on cancer DNA while building on existing leadership in key cancer types, including head and neck, urothelial and colorectal cancers.

The lead asset in the oncology pipeline is xevinapant, an investigational first-in-class potent oral small molecule IAP (Inhibitor of Apoptosis Protein) inhibitor being evaluated in the curative setting of locally advanced squamous cell carcinoma of the head and neck.

In neurology and immunology, Merck aims to expand its Multiple Sclerosis (MS) portfolio with evobrutinib, an investigational, oral, CNS-penetrating, highly selective inhibitor of Bruton's tyrosine kinase (BTK) with the potential to become a best-in-class treatment option for relapsing multiple sclerosis (RMS).

Merck also seeks to expand in neurology by evaluating the potential of oral cladribine in neurological diseases where inflammation is a primary driver, such as generalized myasthenia gravis.

Further, the company is looking to diversify the pipeline with immunology and accelerate R&D by focusing on targets with proven biology via novel modalities.

Building on expertise in neurology, the company is initiating a proof-of-concept study in neuromuscular conditions dermatomyositis and polymyositis with enpatoran in 2023.

read more
Merck KGaA Posts Weak FY23 Results; Sees Organic Growth In FY24

Merck KGaA Posts Weak FY23 Results; Sees Organic Growth In FY24

German science and technology major Merck KgaA reported Thursday weak profit and sales in fiscal 2023 amid a challenging market environment. Higher sales in Healthcare business sector were more than offset by weakness in Life Science and Electronics. Looking ahead for fiscal 2024, Merck expects return to organic growth with slight to moderate organic growth in sales and EBITDA pre, with Healthca
RTTNews | 607 days ago
Merck KGaA Sees FY23 Results At Lower Half Of Outlook Range, Organic Sales Growth In FY24; Stock Up

Merck KGaA Sees FY23 Results At Lower Half Of Outlook Range, Organic Sales Growth In FY24; Stock Up

German science and technology major Merck KgaA Thursday reconfirmed its earnings and sales forecast for fiscal 2023, but at the lower half of the range after reporting weak profit and sales in its third quarter amid a difficult market environment. Further, the company projects a return to organic sales growth in fiscal 2024. The shares were gaining around 5 percent in the morning trading in German
RTTNews | 727 days ago
Merck KgaA Profit Rises, Ups Dividend; Sees Weak To Flat EBITDA Pre In FY23

Merck KgaA Profit Rises, Ups Dividend; Sees Weak To Flat EBITDA Pre In FY23

German science and technology major Merck KgaA reported Thursday higher profit and revenues in its fiscal 2022, with improved performance in all divisions. The company further lifted its dividend, and said it expects weak to flat EBITDA pre in fiscal 2023, but higher organic sales.
RTTNews | 979 days ago
German Factory Orders Rebound In September

German Factory Orders Rebound In September

Germany's factory orders rebounded at a stronger-than-expected pace in September driven by higher demand for auto and electrical equipments. Factory orders expanded 1.1 percent in September from August, Destatis reported Wednesday. Orders were forecast to advance 0.9 percent, reversing a revised 0.4 percent drop in August.
RTTNews | 1h 15min ago
European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders from Germany and final purchasing managers' survey results from the euro area are due on Wednesday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data. Orders are forecast to grow 0.9 percent on a monthly basis in September, a turnaround from the 0.8 percent drop in August.
RTTNews | 2h 29min ago
China Services Activity Expands On New Business

China Services Activity Expands On New Business

China's service sector continued to grow in October as new business growth accelerated despite a fall in export sales, survey data published by S&P Global showed on Wednesday. The headline RatingDog service Purchasing Managers' Index fell to 52.6 in October from 52.9 in September. Although the growth was the softest in three months, the sector extended the current period of expansion.
RTTNews | 3h 16min ago
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, adding to the losses in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,800 level, following the broadly negative cues from Wall Street overnight, dragged by tumbling mining, energy and technology stocks.
RTTNews | 5h 37min ago