CLAIM #43337 · Merck & Company Inc (MRK) · 2023Q3 earnings call · Oct 26, 2023 · due Dec 31, 2035
“our confidence that we will achieve that $10 plus billion is higher today than it was when we made the original comment.”
Rob Davis · CEO
How to check this claim
Look at: Cardiometabolic (including sotatercept and related pipeline/acquired programs) risk-adjusted revenue potential, mid-2030s
It came true if: Cardiometabolic-related revenue >= $10 billion annually
Where: Company financial disclosures / segment revenue reporting (10-K, investor presentations) mid-2030s
In context
“ivers we have with Vaccines and Animal Health. But specifically to the cardiometabolic area, I can tell you that today as we sit here and just to remind people what we had commented on in the past, we have said, based on both what we received through the acquisition of Acceleron plus other programs that we have been developing internally, we expected that we could be in a position to have greater than $10 billion of revenue potential in the mid-2030s and I’d remind everyone that was on a risk-adjusted basis. But I would tell you as we sit here today, given what we have seen with the remarkable data from STELLAR, the excitement that is coming and we are seeing from key opinion leaders, with the potential launch of sotatercept hopefully early next year and approval even in Europe next year, our confidence that we will achieve that $10 plus billion is higher today than it was when we made the original comment. So we feel very good, doesn’t mean we feel like we are done, but we feel very good about the progress. And then as you reflected on Animal Health. We continue to see the Animal Health business as an important business for us, it a durable growth driver. As we look forward, it continues to be a business that we think will be accretive to our growth long-term and it has strategic value to us, where we are both benefiting from the synergies that it brings to us and that it benefits from the synergies coming from the science that we have on the Human Health side. So as we sit here today, we remain committed that it is the strategic part of the company. But as I have often said, that’s not a philosophical view that is unchanged, it’s something we are very objective about and we look out regula”
Verify independently
SEC filings for MRK ↗ · Claim quote is verbatim from the 2023Q3 earnings call.