Merck says it plans to spin off its slow-growth products into a new company
Merck said it plans to spin off nearly 90 products into a new publicly traded company.
Merck & Company, Inc., d.b.a. Merck Sharp & Dohme outside the United States and Canada, is an American pharmaceutical company and one of the largest pharmaceutical companies in the world.said on Wednesday it was planning to spin off its women's health, biosimilar drugs and legacy products into a new publicly traded company.
Merck will retain its cancer drugs, including blockbuster cancer therapy Keytruda, vaccines, hospital and animal health businesses, the company said. The company also reported a 29% higher fourth-quarter profit of $2.36 billion, helped by higher sales for Keytruda.
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