Merck & Co lifts outlook as Keytruda growth offsets acquisition hit
US pharma major Merck & Co (NYSE: MRK) reported first-quarter revenue of $16.3 billion, up 5%, while posting a GAAP loss of $1.72 per share and adjusted loss of $1.28. The swing to a loss reflects a charge tied to its Cidara Therapeutics acquisition.
The company beat expectations on sales and adjusted earnings, supported by continued demand for Keytruda (pembrolizumab), which rose 12% to $8 billion. The cancer drug remains the main growth engine, benefiting from wider use across tumor types and earlier-stage disease.
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