uploads///Hospital care

How Merck’s Hospital Acute Care Portfolio Performed in 3Q17

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Nov. 22 2017, Updated 9:01 a.m. ET

Bridion revenue

In 3Q17, Merck’s (MRK) Bridion reported revenue of $185 million, which reflected ~33% growth YoY (year-over-year) and 13% growth QoQ (quarter-over-quarter). During the first nine months of 2017, Bridion generated revenue of $495 million, which reflected 44% growth YoY. Growth in US sales volumes primarily contributed to the drug’s revenue growth in the two periods.

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Noxafil revenue

In 3Q17, Noxafil generated revenue of $162 million, which is ~10% growth YoY and ~5% growth QoQ. Noxafil is an antifungal agent used for prophylaxis against fungal infections in individuals with weak immune systems.

Invanz revenue

In 3Q17, Invanz reported revenue of $159 million, which is ~5% growth YoY and 6% growth QoQ. During the first nine months of 2017, Invanz generated revenue of $445 million, which reflected ~9% growth YoY. Higher pricing in the US market and favorable foreign exchange effects primarily contributed to Invanz’s revenue growth in 3Q17 and the first nine months of 2017.

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Cancidas revenue

In 3Q17, Cancidas generated revenue of $94 million, which reflected a ~34% fall YoY and a 16% fall QoQ. Cancidas is primarily sold outside the US market. During the first nine months of 2017, it saw revenue of $327 million, which reflected ~19% growth YoY. Cancidas is an antifungal agent.

Cubicin revenue

In 3Q17, Cubicin generated revenue of ~$91 million, which is a ~72% fall YoY and a ~12% fall QoQ. During the first nine months of 2017, Cubicin generated revenue of $290 million, which is a ~70% fall YoY. Merck anticipates the generic competition with Cubicin to continue, as the drug’s US composition patent expired in June 2016.

Primaxin revenue

In 3Q17, Primaxin reported revenue of $73 million, which is a ~5% fall YoY and 3% growth QoQ. Primaxin (imipenem and cilastatin) is indicated for the treatment of bacterial infections.

In 3Q17, Merck’s acute hospital care drug peers, Teva Pharmaceutical (TEVA), GlaxoSmithKline (GSK), and Johnson & Johnson (JNJ), reported revenue of $5.6 billion, $7.8 billion, and $19.7 billion, respectively. Notably, the PowerShares Dynamic Pharmaceuticals Portfolio ETF (PJP) invests ~4.3% and 5.2%, respectively, of its total portfolio in Merck and Johnson & Johnson.

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