Merck raises 2024 profit forecast on cancer drug Keytruda

Merck & Co on Thursday raised its annual profit and revenue forecasts on the back of strong sales for its blockbuster cancer drug Keytruda, sending the company’s shares up more than 2% before the bell.

Keytruda, the world’s top selling drug in 2023, has been Merck’s key revenue driver over the past few years and is expected to top $30 billion in sales by 2026 before losing exclusivity…

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News Source: arynews.tv