1 day ago · The continued decline of Merck & Co.’s HPV vaccine Gardasil in China has come to a head as the New Jersey drug giant is halting shipments to the world’s second-most populous country. Thanks to ...

1 day ago · Merck said it had stopped Gardasil shipments to China from this month. The company has previously said China's anti-bribery and anti-corruption drive, opens new tab had also hurt sales of the vaccine.

1 day ago · Gardasil, which prevents cancers caused by the human papillomavirus (HPV), has been one of Merck's top growth drivers aside from Keytruda, and much of its international growth had come from China ...

1 day ago · Merck & Co. shares tumbled after the company halted shipments to China of its cancer-preventing Gardasil vaccine, a dramatic escalation to the company’s problems in the country that threatens ...

1 day ago · Overall sales of Gardasil fell 17% to $1.55 billion in the final quarter of last year, mainly due to the lower demand in China. Gardasil vaccine protects against cancer-causing human papilloma virus or HPV infections. The pause announcement comes a month after Merck received approval in China for use of the vaccine in males.

2 days ago · China is the largest market for Gardasil outside of the U.S., accounting for 60% to 70% of overseas sales. Executives, however, remained optimistic about re-establishing growth in China. “China still represents a significant long-term opportunity for Gardasil given the large number of females, and now males with our recent approval, that are ...

The low end of Merck's revenue guidance assumes no further shipments in China, and less than $1 billion in sales at the high end. Merck CEO Robert Davis said on an earnings call that Gardasil ...

Oct 31, 2024 · Worldwide, the company’s Gardasil franchise saw sales (PDF) slide 11% compared with last year to $2.3 billion. Merck attributed the decline to lower demand in China, which offset double-digit...

Oct 31, 2024 · Merck & Co said on Thursday that weak sales of Gardasil in China are likely to carry over into 2025 as the vaccine's distributor there reduces inventories amid low demand, and the U.S....

2 days ago · Davis estimated that Gardasil sales in China represent about 1% of Merck’s total revenue. Overall, Merck outperformed analyst expectations with worldwide sales of $64.2 billion, a 7% increase. The company clocked $15.6 billion for the fourth quarter alone, which was also a 7% increase over the same period a year ago.