Diabetes drug revenue

In 3Q17, Merck’s (MRK) Januvia generated revenue of ~$1.0 billion which reflected ~1% growth YoY (year-over-year) and ~7% growth QoQ (quarter-over-quarter). During the first nine months of 2017, Januvia generated revenue of ~$2.8 billion.

In 3Q17, Janumet reported revenue of $513 million, which reflected a ~6% fall YoY and a 9% fall QoQ. In September 2017, Janumet had generated YTD (year-to-date) revenue of $1.57 billion, compared with $1.62 billion YTD in September 2016. Pricing pressure primarily contributed to the modest decline of Januvia and Janumet revenue, partially offset by global volume growth.

Januvia (sitagliptin) is used for the treatment of individuals with type 2 diabetes. In the marketplace, Januvia competes with Novo Nordisk’s (NVO) Victoza, AstraZeneca’s (AZN) Onglyza, and Novartis’s (NVS) Galvus. In 3Q17, Victoza, Onglyza, and Galvus reported revenue of 5.3 billion Danish kroner, $127 million, and $310 million, respectively.

Merck: Diabetes, General Medicine, and Women’s Health after 3Q17

General medicine and women’s health revenue

In 3Q17, Merck’s NuvaRing generated revenue of $214 million, which is ~10% growth YoY and ~8% growth QoQ. In 3Q17, NuvaRing revenue witnessed a ~2% favorable effect of foreign exchange. Higher sales and pricing in the US market also propelled revenue growth.

In 3Q17, Implanon and Nexplanon generated revenue of $155 million, which is ~5% growth YoY and a 13% fall QoQ. Foreign exchange favorably affected Implanon’s revenue by 1% in 3Q17.

In 3Q17, Merck’s Follistim AQ generated revenue of ~$72 million, which reflected ~29% growth YoY. Follistim AQ is used for the treatment of infertility in women who are unable to ovulate. In September 2017, NuvaRing, Implanon, and Follistim AQ reported YTD revenue of $573 million, $503 million, and $232 million, respectively. Merck’s diabetes, general medicine, and women’s health revenue growth could boost the Vanguard Health Care ETF (VHT), of which Merck makes up ~4.2%.

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