Merck Narrows Forecast After Sales of Januvia Decline
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Merck & Co., the second-biggest U.S. drugmaker, narrowed its full-year forecast as the company continues an overhaul of its sales and research operations.
Profit for 2013 will be $3.48 to $3.52 a share, Merck said today in a statement. The previous outlook was for $3.45 to $3.55. Chief Executive Officer Ken Frazier said he is still looking at whether Whitehouse Station, New Jersey-based Merck’s animal health and consumer businesses, as well as its drug projects, might be divested or partnered outside the company.