Merck & Co.
Merck & Co., Inc., d.b.a. Merck Sharp & Dohme (MSD) outside the United States and Canada, is an American multinational pharmaceutical company and one of the largest pharmaceutical companies in the world. Merck is incorporated in New Jersey.
|Founded||1891Merck (founded 1668) as a subsidiary of |
1917 as an independent company
|Founders||Theodore Weicker, George Merck|
|Headquarters||Kenilworth, New Jersey, United States|
|Products||Pharmaceuticals, generic drugs, over-the-counter drugs, vaccines, diagnostics, contact lenses, animal health (list...)|
|Revenue||US$47.994 billion (2020)|
|US$8.791 billion (2020)|
|US$7.067 billion (2020)|
|Total assets||US$89.800 billion (2020)|
|Total equity||US$$29.270 billion (2020)|
Number of employees
In 1887 a German-born, long-time Merck employee, Theodore Weicker, went to the United States to represent the Darmstadt firm. In 1891, with a capital of $200,000 received from E. Merck, Weicker started the American Merck & Co, with headquarters in lower Manhattan. That year George Merck, the twenty-three-year- old son of the then head of E. Merck (and grandson of the founder) joined Weicker in New York. The company was established as the United States subsidiary of the German company Merck, which was founded in 1668 by the Merck family. Merck & Co. was expropriated by the US government during World War I and subsequently established as an independent American company in 1917. While it operates as Merck & Co. in the United States and Canada, the original Merck based in Darmstadt holds the rights to the Merck name everywhere else. Merck & Co. is the world's seventh largest pharmaceutical company by market capitalization and revenue. Its headquarters is located in Kenilworth, New Jersey. The company ranked No. 69 in the 2020 Fortune 500 list of the largest United States corporations by total revenue.
Merck & Co. publishes The Merck Manuals, a series of medical reference books for physicians, nurses, technicians, and veterinarians. These include the Merck Manual of Diagnosis and Therapy, the world's best-selling medical reference. The Merck Index, a compendium of chemical compounds, was formerly published by Merck & Co. before being acquired by the Royal Society of Chemistry in 2012.
Roots and early historyEdit
Merck & Co. traces its origins to its original German parent company Merck, which was established by the Merck family in 1668 when Friedrich Jacob Merck purchased a drug store in Darmstadt. In the 19th century, the Merck company evolved from a pharmacy to a major pharmaceutical company and introduced the commercial manufacture of morphine.
In 1891, family member George (Georg) Merck emigrated to the United States and set up Merck & Co. in New York as the US subsidiary of the family company. Merck & Co. operated from 1891 to 1917 as the US subsidiary of the Merck Group.
After the U.S entered World War I, the Merck Group's US subsidiary Merck & Co. was confiscated under the Trading with the Enemy Act of 1917. Company head George W. Merck purchased back the stock in 1919, but U.S. Merck remained a separate company from its former German parent. Merck & Co. holds the trademark rights to the "Merck" name in the United States and Canada, while its former parent company retains the rights in the rest of the world.
In 1929, H. K. Mulford Company merged with Sharp and Dohme, Inc. and brought vaccine technology, including immunization of cavalry horses in World War I and delivery of a diphtheria antitoxin to Merck & Co. H.K. Mulford Company was an “animal farm” producer of smallpox vaccines and the 1902 Mulford smallpox vaccine was found to be based on horsepox.
1950 to 2000Edit
In 1953, Merck & Co. merged with Philadelphia-based Sharp & Dohme, Inc., becoming the largest US drugmaker.[dead link] The combined company kept the trade name Merck in the United States and Canada, and as Merck Sharp & Dohme (MSD) outside North America.
In 1965 Merck & Co. acquired Charles E. Frosst Ltd. of Montreal, Quebec, Canada (founded 1899) and created Merck-Frosst Canada, Inc., as its Canadian subsidiary and pharmaceutical research facility. Merck & Co. closed this facility in July 2010, and the company was renamed Merck Canada in 2011.
The company was incorporated in New Jersey in 1970. It has an operating subsidiary, KBI Inc., which was originally formed as a joint venture with AstraZeneca. During the late 1980s and 1990s, the company also established joint ventures with DuPont to access research and development expertise, and with Johnson & Johnson to sell over-the-counter consumer medications. In November 1993, Merck & Co. completed a $6 billion purchase of Medco Containment Services Inc. Merck & Co. spun Medco off ten years later.
2001 to 2019Edit
In November 2009, Merck & Co. announced that it would merge with competitor Schering-Plough in a US$41 billion deal. Although Merck & Co. was in reality acquiring Schering-Plough, the purchase was declared a "reverse merger", in which "Old" Merck & Co. was renamed Merck Sharp & Dohme, and Schering-Plough renamed as "Merck & Co., Inc. The maneuver was an attempt to preserve Schering-Plough's rights to market Remicade, which was ultimately decided by arbitration. The merger was completed on November 4, 2009. As of 2015[update], Merck Sharp & Dohme remains a subsidiary of the Merck & Co. parent.
As of December 2013, the US company had approximately 76,000 employees in 120 countries with 31 factories worldwide. It is one of the world's seven largest pharmaceutical companies. The Merck Company Foundation has distributed more than $480 million to educational and non-profit organizations since it was founded in 1957 (and $740 million in overall charitable distributions). On December 7, 2012, the foundation announced that it was ending its donations to the Boy Scouts of America because of "its policy that excludes members on the basis of sexual orientation", which "directly conflicts with the Merck Foundation's giving guidelines". In October 2013, Merck & Co. announced it would cut 8,500 jobs in an attempt to cut $2.5bn (£1.5bn) from its costs by 2015. The company's shares rose 2.35% to US$48.73 in New York trading after it announced the cuts. The new losses, combined with 7,500 job cuts announced in 2011 and 2012, amount in total to 20% of its workforce.
In June 2014 Merck & Co. announced its acquisition of Idenix Pharmaceuticals for approximately $3.85 billion. In December 2014 Merck & Co. announced they would be spending $8.4 billion to buy Cubist Pharmaceuticals. Later in the same month the company acquired the Swiss biotechnology company OncoEthix for up to $375 million dependent upon certain milestone achievements.
In July 2015 Merck & Co. and Ablynx expanded their 18 month old immuno-oncology collaboration by four years, generating a potential $4.4 billion in milestone payments for the Abylnx. Days later Merck & Co. announced it would spend $95 million up front on collaborating with cCAM Biotherapeutics and its lead candidate (an early-stage treatment similar to Keytruda). The company is due up to $510 million more, which is tied to clinical, regulatory and commercial milestones. Merck & Co. will bring in CM-24, an antibody designed to block the immune checkpoint CEACAM1.
In January 2016 Merck & Co. announced two new partnerships; the first with Quartet Medicine and its small molecule pain treatments, the second with Complix investigating intracellular cancer targets, with both collaborations potentially generating up to $595 million and $280 million respectively. Days later the company announced it would acquire IOmet Pharma, with IOmet becoming a wholly owned subsidiary of Merck & Co. The acquisition includes IOmets indoleamine-2,3-dioxygenase 1 (IDO), tryptophan 2,3-dioxygenase (TDO), and dual-acting inhibitors. In June, the company announced its acquisition of Afferent Pharmaceuticals for $1.25 billion, gaining Afferents lead compound—AF-219—used to block P2X3 receptors.
In April 2017, Merck Animal Health acquired Brazilian animal health product manufacturer, Vallée S.A. In September, the company announced it would acquire Rigontec for $554 million, acquiring Rigontec's lead compound RGT100, which targets the retinoic acid-inducible gene I pathway.
In February 2018, Merck announced it would acquire Australian viral cancer drug company, Viralytics for AUD$502 million ($394 million), boosting Merck's own pipeline. In December, the company announced it would acquire Antelliq Group for $2.4 billion ($3.7 billion including debt).
In February 2019, the company announced its acquisition of Immune Design Corp for nearly $300 million ($5.85 in cash per share), gaining access to its immunotherapy programs. In May, Merck announced it would acquire Peloton Therapeutics for up to $2.2 billion, boosting its oncology pipeline through the acquisition of Pelotons lead drug, PT2977, a HIF-2alpha inhibitor currently in a Phase II trials for von Hippel-Lindau disease-associated renal cell carcinoma. In June Merck announced it would also acquire Tilos Therapeutics for up to $773 million. In November the company acquired Calporta, which focus on Parkinsons and Alzheimers treatments. In December Merck announced it would acquire ArQule, Inc., for $20 per share, $2.7 billion in total and its lead compound: ARQ 531, an oral Bruton's tyrosine kinase (BTK) inhibitor. In the same month, the animal health division of the business announced it would acquire aquaculture company, Vaki, from Pentair.
2020 to presentEdit
On 5 February 2020 Merck announced the formation of a new, independent publicly traded company focused on its Women's Health, trusted Legacy Brands, and Biosimilars businesses. Carrie Cox will be named Chairman of the Board of Directors. Cox formerly served as chair of Array BioPharma, Inc., CEO and chair of Humacyte, Inc., president of Global Pharmaceuticals at Schering-Plough Corporation, executive vice president of Pharmacia Corporation and vice president of Women's Health Care at Wyeth-Ayerst Laboratories, Inc.
In March 2020, Merck & Co. was one of ten companies recognised at the inaugural Manufacturing Awards by New Jersey Business magazine and the New Jersey Business & Industry Association. In May of the same year, Merck announced it would acquire Themis Bioscience, a company focused on vaccines and immune-modulation therapies for infectious diseases and cancer. The acquisition was also notable due to Themis' research for COVID-19 treatments. In June, the business announced it had completed the acquisition of livestock analytics business; Quantified Ag. In August, Merck Animal Health completed the acquisition of DNA-based animal traceability business, IdentiGEN. In September, Merck announced it would purchase $1 billion of Seattle Genetics common stock, with both companies co-developing lead treatment: ladiratuzumab vedotin.
In November, Merck announced it would acquire VelosBio for $2.75 billion, acquiring lead investigational candidate antibody-drug conjugate, VLS-101, designed to target Tyrosine kinase-like orphan receptor 1 (ROR1) in both hematological and solid tumors. VLS-101 is currently Phase I and Phase II clinical trials. In the same month, the company announced it would acquire OncoImmune for $425 million and its phase 3 candidate, CD24Fc, used in the treatment of patients with severe and critical COVID-19.
In February 2021, Kenneth Frazier announced he would step down as CEO at the end of June 2021 and assume the role of executive chairman. Frazier will be succeeded by CFO Robert M. Davis. Later in the same month the business announced it would acquire Pandion Therapeutics Inc for $1.85 billion, expanding its offering in treating autoimmune diseases and Merck Animal Health announced the completion of its acquisition of PrognostiX Poultry Ltd. In March 2021, Merck announced that Robert M. Davis's former position as CFO would be taken by Caroline Litchfield, who is currently employed by the company as their treasurer and has been working for the company since 1990. Her position becomes effective on April 1st 2021. In April, Merck announced that it would acquire Alydia Health on behalf of Organon, before completing its spin off of Organon.
"Merck" name legal disputeEdit
In 191 of 193 countries, the original Merck company, the Merck Group of Darmstadt, owns the rights to the "Merck" name. In the United States and Canada, the company trades under the name EMD (an abbreviation of Emanuel Merck, Darmstadt), its legal name here says Merck KGaA, Darmstadt, Germany, and instead of "Merck Group", the "EMD Group" name is used. In the United States and Canada, Merck & Co. holds the rights to the trademark "Merck", while in the rest of the world the company trades under the name MSD (an abbreviation of Merck, Sharp & Dohme) and its legal name says here Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc. Kenilworth, NJ, USA.
In 2015 the Merck Group adopted a new logo and said it will be "much more aggressive" about protecting the brand of "the real Merck". Merck of Darmstadt has initiated litigation against its former subsidiary, Merck & Co. (MSD) of Kenilworth, in several countries over infringing use of the Merck name. In 2016, the High Court of Justice in the United Kingdom ruled that MSD had breached an agreement with its former parent company and that only Merck of Darmstadt is entitled to use the Merck name in the United Kingdom. The judge also held that MSD's use of "Merck" as part of branding on its global websites were directed to the UK and infringed Merck's trade mark rights in the UK.
In response to the ruling, MSD initiated counter-litigation in the United States in January 2016 by filing a federal lawsuit which accused its former parent company of "infringing on its trademark" through actions that included the increased usage of “Merck KGaA” and “MERCK” in branding in the US as well as on its social media presence. Further Merck & Co. has also accused the Merck Group of federal trademark dilution, unfair competition, false advertising, deceptive trade practices, breach of contract, and cybersquatting. The case came to a head when a research scientist believed he was communicating with Merck & Co regarding a research grant in oncology, when in fact he was talking with the Merck Group. As a result, Merck & Co. asked the federal court to stop the Merck Group from using “Merck” on any products or marketing materials in the United States. As a direct result, Merck & Co is seeking “all monetary gains, profits, and advantages” made by the Merck Group and three-times the damage, plus additional punitive damages.
In 2020, in the course of litigation of Merck against MSD in Switzerland, the Federal Supreme Court of Switzerland ruled that MSD's use of the "Merck" brand in its global websites could, absent geotargeting mechanisms, have "commercial effect" in Switzerland and could therefore violate Merck's rights (if any) to the "Merck" brand in Switzerland.
In 2005, CEO Raymond Gilmartin retired following Merck's voluntary worldwide withdrawal of Vioxx. Former president of manufacturing Richard Clark was named CEO and company president. Clark retired in October 2011 and Kenneth Frazier became CEO.
As of August 2014, Merck's research and development effort has led to the approval of more new drugs than that of any other company.[clarification needed] Research performed at Merck has led to U.S. FDA approval of 63 New Molecular Entities. In 2014, Merck's major products included
- Januvia (sitagliptin), a dipeptidyl peptidase IV inhibitor for the treatment of type 2 diabetes. In 2013, Januvia was the second largest selling diabetes drug worldwide, with $4.0 billion in worldwide sales. Januvia is commonly paired with the generic anti-diabetes drug metformin. It has been popular due in part because unlike many other diabetes drugs, it causes little or no weight gain and is not associated with hypoglycemic episodes. Merck also sells a single pill combination drug containing both Januvia and metformin under the trade name Janumet. There has been some concern that treatment with Januvia and other DPP-IV inhibitors may be associated with a modestly increased risk of pancreatitis.
- Zetia (ezetimibe) is a drug for hypercholesterolemia that acts by inhibiting the absorption of dietary cholesterol. Sales in 2013 amounted to $2.7 billion. Zetia has been controversial, as it was initially approved based on its impact on serum cholesterol levels without proof that it actually impacted the incidence of cardiovascular disease. Results of the IMPROVE-IT study, however, introduced at the 2014 Scientific Sessions of the American Heart Association, showed a statistically significant, albeit modest, benefit in adding Zetia to simvastatin for high-risk, post-acute-coronary-syndrome patients.
- Remicade (infliximab) is a monoclonal antibody directed toward the cytokine TNF-alpha and used for the treatment of a wide range of autoimmune disorders, including rheumatoid arthritis, Crohn's disease, ankylosing spondylitis, plaque psoriasis, and others. Remicade and other TNF-alpha inhibitors exhibit additive therapeutic effects with methotrexate and improve quality of life. Adverse effects include increased risk of infection and certain cancers. Merck had rights to the drug in certain areas, while Janssen Biotech had rights in other areas; in 2017, Merck announced a biosimilar to Remicade, Renflexis.
- Gardasil (recombinant human papilloma virus vaccine) is a vaccine against multiple serotypes of human papilloma virus (HPV), which is responsible for most cases of cervical cancer worldwide.
- Isentress (raltegravir) is a human immunodeficiency virus integrase inhibitor for the treatment of HIV infection. It is the first anti-HIV compound having this mechanism of action. Sales in 2013 were $1.8 billion. It is part of one of several first line treatment regimens recommended by the United States Department of Health and Human Services.
- Keytruda (pembrolizumab) is an immune modulator for the treatment of cancer. On September 4, 2014, the US Food and Drug Administration (FDA) approved Pembrolizumab (MK-3475) as a breakthrough therapy for melanoma treatment. In clinical trials, pembrolzumab provided partial tumor regression in about one quarter of patients, many of whom have not seen further progression of their disease in over 6 months of follow-up.
- Invanz (Ertapenem) is an injectable antibiotic, rights to which Merck has owned since 1999. As of 2015, Merck was in a legal dispute with the Taiwanese company Savior Lifetec over their attempt to secure rights to sell a generic version of this drug in the United States. Savior has since obtained approval to market generic ertapenem.
In 2018, Merck began the submission process for a Biologics License Application to the U.S. Food and Drug Administration (FDA). The application was for an investigational vaccine, called V920, to fight the Zaire strain of the Ebola virus. V920 "falls under the FDA’s Breakthrough Therapy Designation. It is intended to expedite the development of a candidate that can treat a serious or life-threatening condition when preliminary clinical evidence indicates that the drug may demonstrate substantial improvement over existing therapies . . ."
- Mexsana, an antiseptic medicated powder
Medically important vaccines developed at Merck include the first mumps vaccine, the first rubella vaccine, and the first trivalent measles, mumps, rubella (MMR vaccine), each of which was developed by Merck scientist Maurice Hilleman. The incidence of rubella-associated birth defects fell from up to 10,000 per year in the U.S. to zero in the aftermath of the rubella vaccine's development. Hilleman also developed the first Hepatitis B vaccine and the first varicella vaccine, for chickenpox.
The thiazide diuretics were developed by scientists Karl H. Beyer, James M. Sprague, John E. Baer, and Frederick C. Novello of Merck and Co. in the 1950s, and led to the marketing of the first drug of this class, chlorothiazide, under the trade name Duiril in 1958. The research leading to the discovery of chlorothiazide, leading to "the saving of untold thousands of lives and the alleviation of the suffering of millions of victims of hypertension" was recognized by a special Public Health Award from the Lasker Foundation in 1975.
Streptomycin, discovered during a Merck-funded research program in Selman Waksman's laboratory at Rutgers University in 1943, became the first effective treatment for tuberculosis. At the time of its discovery, sanitoriums for the isolation of tuberculosis-infected people were a ubiquitous feature of cities in developed countries, with 50% dying within 5 years of admission. Although Merck's agreement with Rutgers gave it exclusive rights to streptomycin, at Wakman's request the company renegotiated the agreement, returning the rights to the university in exchange for a royalty. The university then set up non-exclusive licenses with seven companies to ensure a reliable supply of the antibiotic.
In 1985 Merck received approval for imipenem, the first member of the carbapenem class of antibiotics. Antibiotics of the carbapenem class play an important role in treatment guidelines for certain hospital-acquired and multi-drug resistant infections.
In 1999, the U.S. Food and Drug Administration (FDA) approved Vioxx (known generically as rofecoxib), a Merck product for treating arthritis. Vioxx was designed as a selective inhibitor of the enzyme cyclooxygenase-2. Such compounds were expected to cause less gastrointestinal bleeding than older anti-inflammatory drugs such as naproxen, which were associated with 20,000 hospitalizations and 2000 deaths each year.[non-primary source needed] Vioxx became one of the most prescribed drugs in history.
Thereafter, studies by Merck and by others found an increased risk of heart attack associated with Vioxx use when compared with naproxen. Merck adjusted the labeling of Vioxx to reflect possible cardiovascular risks in 2002.
On September 23, 2004, Merck received information about results from a clinical trial it was conducting that included findings of increased risk of heart attacks among Vioxx users who had been using the medication for over eighteen months. On September 28, 2004, Merck notified the FDA that it was voluntarily withdrawing Vioxx from the market, and it publicly announced the withdrawal on September 30. An analysis for the period 1999–2004, based on U.S. Medical Expenditure Survey data, reported that Vioxx was associated with 46,783 heart attacks, and along with the other popular COX-2 inhibitor Celebrex, an estimated 26,603 deaths from both.[non-primary source needed]
About 50,000 people sued Merck, claiming they or their family members had suffered medical problems such as heart attacks or strokes after taking Vioxx. In November 2007, Merck agreed to pay $4.85 billion to settle most of the pending Vioxx lawsuits. The settlement required that claimants provide medical and pharmacy records confirming the occurrence of a heart attack, ischemic stroke, or sudden cardiac death; the receipt of at least 30 Vioxx pills within 60 days prior to the injury or death; and confirmation of Vioxx being used within 14 days of the Vioxx-related event. The settlement was generally viewed by industry analysts and investors as a victory for Merck, considering that original estimates of Merck's liability reached between $10 billion and $25 billion. In fact, as of mid-2008, when the plaintiff class had reached the threshold percentage required by Merck to go through with the settlement, plaintiffs had prevailed in only three of the twenty cases that had reached juries, all with relatively small awards.
Merck has refused to consider compensation for Vioxx victims and their families outside the US. This is particularly true in the UK where there are at least 400 victims and the legal protection afforded to the victims and their families is particularly weak.
According to internal e-mail traffic released at a later lawsuit, Merck had a list of doctors critical of Vioxx to be "neutralized" or "discredited". "We may need to seek them out and destroy them where they live," wrote an employee. A Stanford Medical School professor said that Merck was engaged in intimidation of researchers and infringement upon academic freedom.
On May 20, 2008, Merck settled for $58 million with 30 states alleging that Merck engaged in deceptive marketing tactics to promote Vioxx. All its new television pain-advertisements must be vetted by the Food and Drug Administration and changed or delayed upon request until 2018.
In 1987, Merck & Co. began a program with UNICEF to donate its new drug Mectizan to "all that need it for as long as needed" in an effort to combat onchocerciasis, also known as river blindness, primarily in Africa. Up to that point, the World Health Organization had fought the disease through the use of insecticides to lower the population of its primary vector, the Black Fly. However, when studies in the 1980s showed how effective the drug was at treating and preventing the disease, the WHO agreed to use it instead of its previous strategies. Merck's involvement is considered a key factor in the success against the disease all over the world, and the decision to donate the entirety of the drug to all those in need of it is used as part of the Mectizan Donation Program that covers countries such as Yemen and African countries.
More than 700 million people have been treated since the inception of the program with 80 million people still undergoing treatment in Africa, Latin America, and Yemen. Blindness caused by onchocerciasis is decreasing, and there are regions of Latin America and Africa that have been shown to have completely eliminated the disease altogether.
Fosamax (alendronate) is a bisphosphonate used for the treatment of post-menopausal osteoporosis and for the prevention of skeletal problems in certain cancers. The American College of Clinical Endocrinology, the American College of Obstetricians and Gynecologists, the North American Menopause Society and the UK National Osteoporosis Guideline Group recommend alendronate and certain other bisphosphonates as first line treatments for post-menopausal osteopotosis. Long-term treatment with bisphosponates produces anti-fracture and bone mineral density effects that persist for 3–5 years after an initial 3–5 years of treatment. Alendronate reduces the risk of hip, vertebral, and wrist fractures by 35-39%.
In December 2013, Merck agreed to pay a total of $27.7 million to 1,200 plaintiffs in a class action lawsuit alleging that the company's osteoporosis drug had caused them to develop osteonecrosis of the jaw. Prior to the settlement, Merck had prevailed in 3 of 5 so-called bellwether trials. Approximately 4000 cases still await adjudiction or settlement as of August 2014.
Society and cultureEdit
Patient assistance programsEdit
Merck & Co. was one of the first American pharmaceutical companies to offer assistance to those unable to afford its medications, beginning a program in the 1950s. Merck & Co. offers seven patient assistance programs, each with specific eligibility requirements.
Following the merger with Schering Plough in 2009, Merck started laying off workers, cutting around 36,450 jobs between 2010 and 2015. During that time the company sold its consumer health business to Bayer and narrowed the company's focus to immunology, vaccines, diabetes, emerging markets and medicines used in hospitals, like certain antibiotics.
Sham medical journalEdit
From 2002 through 2005 the Australian affiliate of Merck paid Elsevier an undisclosed amount to publish eight issues of a medical journal, the Australasian Journal of Bone and Joint Medicine. Although it gave the appearance of being an independent peer-reviewed journal, without any indication that Merck had paid for it, the journal actually reprinted articles that originally appeared in other publications and that were favorable to Merck. The misleading publication came to light in 2009 during a personal injury lawsuit filed over Vioxx; 9 of 29 articles in the journal's second issue referred positively to Vioxx. In 2009, the CEO of Elsevier's Health Sciences Division, Michael Hansen, admitted that the practice was "unacceptable".
Merck and the Wellcome trust jointly fund the Hilleman Laboratories, an India-based non-profit research organization dedicated to the development of low-cost vaccines for use in developing countries. Current projects include the development of low cost, thermostable vaccines for the prevention of cholera, rotavirus, and meningitis.
A US Justice Department fraud investigation began in 2000 when allegations were brought in two separate lawsuits filed by whistleblowers under the False Claims Act. They alleged that Merck failed to pay proper rebates to Medicaid and other health care programs and paid illegal remuneration to health care providers. On February 7, 2008 Merck agreed to pay more than $650 million to settle charges that it routinely overbilled Medicaid for its most popular medicines. The settlement was one of the largest pharmaceutical settlements in history. The federal government received more than $360 million, plus 49 states and Washington, DC, received over $290 million. One whistleblower received a $68 million reward. Merck made the settlement without an admission of liability or wrongdoing.
Merck & Co. once used methylene chloride, an animal carcinogen on the United States Environmental Protection Agency's list of pollutants, as a solvent in some of its manufacturing processes. Merck chemists and engineers subsequently replaced the compound with others having fewer negative environmental effects. Merck has also modified its equipment to protect the environment, installing a distributed control system that coordinates chemical reactions more efficiently and expedites manufacturing by 50 percent, eliminating the need for the disposal and storage of harmful waste. Biological oxygen demand has also been reduced.
In 1991, Merck's Kelco subsidiary was responsible for volatile organic compound (VOC) emission pollution in the San Diego area. In 1996 Merck paid $1.8 million for polluting the air. New machines were installed to reduce smog emissions by 680,000 lb (310,000 kg) a year.
Merck for MothersEdit
Merck for Mothers is Merck’s global initiative to help create a world where no woman has to die while giving life. 
Notes and referencesEdit
- Wilkins, Mira (1989). The History of Foreign Investment in the United States to 1914. ISBN 9780674396661.
- "Contact Us". Retrieved February 11, 2015.
- "US SEC: Form 10-K Merck & Co., Inc". United States Securities and Exchange Commission. Retrieved January 12, 2018.
- Johnson, Linda (2 February 2018). "Tax Overhaul Charge Hands Merck 4Q Loss Despite Higher Sales". Drug Discovery & Development Magazine. Associated Press. Retrieved 2 February 2018.
- "Merck & Co financial summary" (PDF). Merck & Co., Inc. 4 February 2021. Retrieved 5 February 2021.
- "Merck Financial Statements 2006-2020 | MRK". www.macrotrends.net. Retrieved 2021-02-08.
- "Merck & Co Annual Report 2019" (PDF). Merck & Co., Inc. 26 February 2020. Retrieved 5 February 2021.
- "10-K". 10-K. Retrieved 1 June 2019.
- "Merck | 2020 Fortune 500". Fortune. Retrieved 2021-02-08.
- The New York Times: Key Facts About Merck, November 3, 2005. Retrieved 2012-09-03.
- Voinea, Cosmina Lelia; Kranenburg, Hans Van (2017-07-14). Nonmarket Strategic Management. Taylor & Francis. ISBN 978-1-317-42173-3.
- Rosen, William (2017). Miracle Cure: The Creation of Antibiotics and the Birth of Modern Medicine. Penguin. ISBN 978-0-525-42810-7.
- Palmer, A. Mitchell (April 1919). "Report of the alien property custodian on the chemical industry". Ind. Eng. Chem. 11 (4): 364. doi:10.1021/ie50112a030.
I am of the opinion, however, that indirect ownership of this kind cannot be recognized under the Trading-with-the-Enemy Act, and I have, therefore, determined that the whole of this stock is enemy owned and it has accordingly been taken over.
- "Legal Wrangle Pits Merck vs. Merck". Genetic Engineering & Biotechnology News. January 15, 2016. Retrieved May 28, 2019.
- Galambos, Louis; Sewell, Jane Eliot (1997-08-13). Networks of Innovation: Vaccine Development at Merck, Sharp and Dohme, and Mulford, 1895-1995. Cambridge University Press. ISBN 978-0-521-62620-0.
- Esparza, José; Lederman, Seth; Nitsche, Andreas; Damaso, Clarissa R. (June 2020). "Early smallpox vaccine manufacturing in the United States: Introduction of the "animal vaccine" in 1870, establishment of "vaccine farms", and the beginnings of the vaccine industry". Vaccine. 38 (30): 4773–4779. doi:10.1016/j.vaccine.2020.05.037. PMC 7294234. PMID 32473878.
- Schrick, Livia; Tausch, Simon H.; Dabrowski, P. Wojciech; Damaso, Clarissa R.; Esparza, José; Nitsche, Andreas (12 October 2017). "An Early American Smallpox Vaccine Based on Horsepox". New England Journal of Medicine. 377 (15): 1491–1492. doi:10.1056/NEJMc1707600. PMID 29020595.
- Esparza, José; Lederman, Seth; Nitsche, Andreas; Damaso, Clarissa R. (19 June 2020). "Early smallpox vaccine manufacturing in the United States: Introduction of the "animal vaccine" in 1870, establishment of "vaccine farms", and the beginnings of the vaccine industry". Vaccine. 38 (30): 4773–4779. doi:10.1016/j.vaccine.2020.05.037. PMC 7294234. PMID 32473878.
- Time Magazine: Merck's Merger, March 16, 1953. Retrieved 2021-05-02.
- "Fight over Merck name sees German firm win in British court". Reuters. January 15, 2016. Retrieved May 28, 2019.
- "Montreal plant among 17 closed by drugmaker Merck". The Star. Toronto. July 8, 2010.
- Merck & Co., Inc. (27 Feb 2014). Merck & CO, Inc 2013 FORM 10-K (Report).
- "Merck & Co. completes Medco purchase". Baltimore Sun. New York Times News Service. November 19, 1993. Archived from the original on May 29, 2019. Retrieved May 29, 2019.
- "Merck finally spins off Medco Health to shareholders". USA Today. Associated Press. August 20, 2003.
- Singer, Natasha (March 10, 2009). "Merck to Buy Schering-Plough for $41.1 Billion". The New York Times. Retrieved 2009-11-14.
- "Notice of Reorganization Event". November 12, 2009. Archived from the original on February 1, 2016. Retrieved 2009-11-13.
- Edwards, Jim (November 10, 2009). "Merck Legally Changed Its Name 3 Times to Achieve Reverse Merger With Schering". CBS News. Retrieved 2012-09-02.
- "Merck and Johnson & Johnson Reach Agreement on Distribution Rights for Remicade and Simponi" (Press release). Merck & Co. Business Wire. April 15, 2011. Archived from the original on 2012-07-08. Retrieved May 28, 2019.
- "Merck, Schering-Plough set to complete merger". Reuters. 2009-11-03. Retrieved 2020-04-01.
- Jeffrey, Jeff (25 August 2015). "Merck sues Taiwan company over generic antibiotic product". Triangle Business Journal. Retrieved 2015-08-26.
- "Foundation » Merck Responsibility". Merck Responsibility. Retrieved 3 July 2015.
- "Princeton University and The Merck Company Foundation Announce Creation Of New Global Health Scholars Program and Lecture Series" (PDF). Retrieved 2012-06-05.
- Scouts for Equality: Merck pauses Boy Scout Funding, accessed December 10, 2012
- "Merck cuts another 8,500 jobs". BBC News. October 1, 2013.
- "Merck acquires Idenix". Genetic engineering & biotechnology news. June 9, 2014.
- Rothwell, Steve. "Merger Momentum to Continue in 2015, EY Says". abc news. Retrieved 9 December 2014.
- "Merck Buys OncoEthix for up to $375M". Genetic Engineering & Biotechnology News. December 18, 2014. Retrieved May 29, 2019.
- "Ablynx, Merck & Co. Ink $4B+ Expansion of Immuno-Oncology Collaboration". Genetic Engineering & Biotechnology News.
- "Merck signs a $605M deal to bulk up in cancer immunotherapy". FierceBiotech.
- "Quartet, Merck Partner on Pain Treatments in Up-to-$595M Alliance". Genetic Engineering & Biotechnology News.
- "Merck & Co. Launches Up-to-$280M Cancer Collaboration with Complix". Genetic Engineering & Biotechnology News.
- "Merck & Co. Acquires Cancer Immunotherapy Developer IOmet". Genetic Engineering & Biotechnology News.
- "Merck & Co. to Acquire Afferent Pharmaceuticals for Up to $1.25B". Genetic Engineering & Biotechnology News. June 10, 2016. Retrieved May 28, 2019.
- "Merck Animal Health Completes Acquisition of Vallée S.A." (Press release). Merck & Co. Business Wire. March 22, 2017. Retrieved May 28, 2019.
- "Merck to Acquire Rigontec, Expanding Cancer Immunotherapy Franchise". Genetic Engineering & Biotechnology News. September 6, 2017. Retrieved May 28, 2019.
- Hirschler, Ben (February 21, 2018). "Merck to buy virus-based cancer drug firm Viralytics for $394 million". Reuters. Retrieved May 28, 2019.
- Mathias, Tamara (December 14, 2018). "Merck bolsters animal health unit with $2.4 billion Antelliq purchase". Reuters. Retrieved May 28, 2019.
- "Merck to buy immunotherapy developer Immune Design for $300 million". Reuters. February 21, 2019. Retrieved May 28, 2019.
- Keown, Alex (February 21, 2019). "Merck Acquires Immune Design for $300 Million in Cash". BioSpace. Retrieved May 28, 2019.
- Terry, Mark (May 21, 2019). "Merck Buys Peloton Therapeutics in $2.2 Billion Deal". BioSpace. Retrieved May 28, 2019.
- "Merck to buy Tilos Therapeutics for up to $773 million". Reuters. 2019-06-10. Retrieved 2020-03-10.
- "Merck Snaps Up Preclinical Neurodegenerative Asset in $576 Million Buy". BioSpace. Retrieved 2020-03-10.
- "Merck to Acquire ArQule, Advancing Leadership in Oncology". BioSpace. Retrieved 2020-03-10.
- "Merck Snaps Up ArQule and Its BTK Cancer Drug in $2.7 Billion Deal". BioSpace. Retrieved 2020-03-10.
- "Merck Animal Health Completes Acquisition of Vaki to Further Broaden Its Leadership Position in Aquaculture to Advance Fish Health and Welfare". BioSpace. Retrieved 2020-03-10.
- "Merck to Focus on Key Growth Pillars Through Spinoff of Women's Health, Trusted Legacy Brands and Biosimilars Products into New Company ("NewCo") | Merck Newsroom Home". mrknewsroom.com. Retrieved 2020-02-05.
- "You are being redirected..." njbmagazine.com. Retrieved 2020-03-12.
- Reuters Staff (2020-09-14). "Merck to buy $1 bln stake in Seattle Genetics, co-develop cancer therapy". Reuters. Retrieved 2020-09-15.
- Bomey, Nathan. "Kenneth Frazier stepping down as Merck CEO, becomes executive chairman". USA TODAY. Retrieved 2021-02-04.
- Williams, Jordan (2021-02-04). "Merck CEO stepping down at end of June". TheHill. Retrieved 2021-02-04.
- Brown, Courtenay. "Merck's Ken Frazier, one of just 4 Black CEOs in the Fortune 500, is stepping down". Axios. Retrieved 2021-02-04.
- Trentmann, Nina (2021-03-24). "Merck Names 30-Year Company Veteran as CFO". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-03-25.
- "Merck Appoints Caroline Litchfield Chief Financial Officer". www.businesswire.com. 2021-03-24. Retrieved 2021-03-25.
- Linnane, Ciara. "Merck names Treasurer Caroline Litchfield CFO effective April 1". MarketWatch. Retrieved 2021-03-25.
- Connolly, Allison; Kitamura, Makiko (February 10, 2014). "A Tale of Two Mercks as Protesters Take On Wrong Company". Bloomberg. Retrieved May 28, 2019.
- "Today's Stock Market News and Analysis from Nasdaq.com".
- "Judgment 4A_335/2019 of 29 April 2020". Swiss Federal Supreme Court. Retrieved 2020-07-07.
- "Merck & Co., Inc. - Financials - SEC Filings - SEC Filings Details".
- Rubin, Ben Fox (2011-10-06). "Merck Chairman Clark To Retire; CEO Frazier to Take Over". Wall Street Journal. Retrieved 24 November 2015.
- "Merck Replacing CFO with Baxter Exec". Drug Discovery & Development. United States of America: Advantage Business Media. Associated Press. March 27, 2014. Archived from the original on March 29, 2014.
- Kinch MS, Haynesworth A, Kinch SL, Hoyer D (August 2014). "An overview of FDA-approved new molecular entities: 1827-2013". Drug Discov. Today. 19 (8): 1033–9. doi:10.1016/j.drudis.2014.03.018. PMID 24680947.
- Palmer, Eric (June 17, 2014). "The top 10 best-selling diabetes drugs of 2013". FiercePharma. Retrieved May 28, 2019.
- Zhan M, Xu T, Wu F, Tang Y (August 2012). "Sitagliptin in the treatment of type 2 diabetes: a meta-analysis". J Evid Based Med. 5 (3): 154–65. doi:10.1111/j.1756-5391.2012.01189.x. PMID 23672222. S2CID 205981406.
- Deacon CF, Mannucci E, Ahrén B (August 2012). "Glycaemic efficacy of glucagon-like peptide-1 receptor agonists and dipeptidyl peptidase-4 inhibitors as add-on therapy to metformin in subjects with type 2 diabetes-a review and meta analysis". Diabetes Obes Metab. 14 (8): 762–7. doi:10.1111/j.1463-1326.2012.01603.x. PMID 22471248. S2CID 21833823.
- Li L, Shen J, Bala MM, et al. (2014). "Incretin treatment and risk of pancreatitis in patients with type 2 diabetes mellitus: systematic review and meta-analysis of randomised and non-randomised studies". BMJ. 348: g2366. doi:10.1136/bmj.g2366. PMC 3987051. PMID 24736555.
- "AHA: IMPROVE-IT Proves Ezetimibe Benefit". MedpageToday. November 17, 2014.
- Aaltonen KJ, Virkki LM, Malmivaara A, Konttinen YT, Nordström DC, Blom M (2012). "Systematic review and meta-analysis of the efficacy and safety of existing TNF blocking agents in treatment of rheumatoid arthritis". PLOS ONE. 7 (1): e30275. Bibcode:2012PLoSO...730275A. doi:10.1371/journal.pone.0030275. PMC 3260264. PMID 22272322.
- "Merck and Johnson & Johnson Reach Agreement on Distribution Rights for REMICADE® and SIMPONI® | Merck Newsroom Home". mrknewsroom.com. Retrieved 2019-05-08.
- "Merck, Samsung Bioepis Launch Remicade Biosimilar in U.S." Genetic Engineering & Biotechnology News. 2017-07-24. Retrieved 2019-05-08.
- (PDF) https://www.merck.com/product/usa/pi_circulars/g/gardasil/gardasil_pi.pdf. Missing or empty
- (PDF) https://www.merck.com/product/usa/pi_circulars/i/isentress/isentress_pi.pdf. Missing or empty
- "aidsinfo.nih.gov" (PDF).
- "Merck Melanoma Drug Is First PD-1 Inhibitor OK'd by FDA". Genetic Engineering & Biotechnology News. Retrieved 3 July 2015.
- (PDF) http://www.accessdata.fda.gov/drugsatfda_docs/label/2014/125514lbl.pdf. Missing or empty
- https://dailymed.nlm.nih.gov/dailymed/lookup.cfm?setid=c4da28cb-6725-4fa1-a7b0-e84f408fb36b. Missing or empty
- "Merck nears approval of experimental Ebola vaccine". Homeland Preparedness News. 2018-11-21. Retrieved 2018-11-30.
- "Mumps—History of Vaccines".
- "Rubella—History of Vaccines".
- "1971-MMR Combination Vaccine Debuts".
- "Rubella". Retrieved 2014-09-22.
- "1981-Hepatitis B: First Subunit Viral Vaccine in U.S."
- "3/17/1995-Chickenpox Vaccine Licensed".
- Beyer KH (1993). "Chlorothiazide. How the thiazides evolved as antihypertensive therapy". Hypertension. 22 (3): 388–91. doi:10.1161/01.hyp.22.3.388. PMID 8349332.
- "Drugs@FDA: FDA Approved Drug Products".
- "The Lasker Foundation—Awards".
- "Merck History". Retrieved 2014-09-22.
- Kingston W (July 2004). "Streptomycin, Schatz v. Waksman, and the balance of credit for discovery". J Hist Med Allied Sci. 59 (3): 441–62. doi:10.1093/jhmas/jrh091. PMID 15270337. S2CID 27465970.
- Antibacterial Agents. Chemistry, Mode of Action, Mechanisms of Resistance, and Clinical Applications. Anderson RJ, Groundwater PJ, Todd A, Worsely AJ. Wiley (2012). ISBN 9780470972458 See Preface material.
- Tansey, E.M.; Reynolds, L.A., eds. (2000). Post-Penicillin Antibiotics: From Acceptance to Resistance?. A Witness Seminar held at the Wellcome Institute for the History of Medicine, London. London: Wellcome Trust. ISBN 978-184129-012-6.
- "Diagnosis and Management of Complicated Intra-abdominal Infection in Adults and Children: Guidelines by the Surgical Infection Society and the Infectious Diseases Society of America". Archived from the original on 2011-04-04.
- (PDF) http://www.idsociety.org/uploadedFiles/IDSA/Guidelines-Patient_Care/PDF_Library/HAP.pdf. Missing or empty
- Fries JF, Miller SR, Spitz PW, Williams CA, Hubert HB, Bloch DA (February 1989). "Toward an epidemiology of gastropathy associated with nonsteroidal antiinflammatory drug use". Gastroenterology. 96 (2 Pt 2 Suppl): 647–55. doi:10.1016/S0016-5085(89)80061-7. PMID 2909442.
- "Shocker! Is Vioxx Coming Back... as an Orphan Drug?". www.medpagetoday.com. 2018-05-02. Retrieved 2020-09-13.
- reported, This article was; Berenson, written by Alex; Harris, Gardiner; Meier, Barry; Pollack, Andrew (2004-11-14). "Despite Warnings, Drug Giant Took Long Path to Vioxx Recall". The New York Times. ISSN 0362-4331. Retrieved 2020-09-13.
- Finance.senate.gov Archived October 29, 2004, at the Wayback Machine
- Vaithianathan R, Hockey PM, Moore TJ, Bates DW (2009). "Iatrogenic effects of COX-2 inhibitors in the US population: findings from the Medical Expenditure Panel Survey". Drug Saf. 32 (4): 335–43. doi:10.2165/00002018-200932040-00007. PMID 19388724. S2CID 41806262.
- Courts Reject Two Major Vioxx Verdicts, The New York Times, May 30, 2008
- "Merck Agrees to Pay $4.85 Billion in Vioxx Claims". The New York Times. November 9, 2007.
- "Description of Settlement Agreement" (PDF). Vioxx MDL Plaintiffs’ Steering Committee Official Vioxx Settlement. November 9, 2007.
- Giles, J. (November 2008). "How Merck Made a Killing". Healthy Scepticism. Archived from the original on October 27, 2008. Alt URL
- Rout, Milanda (April 1, 2009). "Vioxx maker Merck and Co drew up doctor hit list". The Australian. Retrieved 2009-04-26.
- Arizona gets $2.3 Million from Vioxx Settlement 92.3 KTAR Retrieved May 19, 2008
- Merck Agrees to Settlement Over Vioxx Ads, The New York Times, May 20, 2008
- "Stories of UNICEF in Action". UNICEF USA. Archived from the original on 26 April 2012. Retrieved 3 July 2015.CS1 maint: bot: original URL status unknown (link)
- "Ivermectin History". Stanford.edu. February 24, 1981. Retrieved 2012-06-05.
- Onchocerciasis: Africa's victory over river blindness, Africa Recovery, Vol. 17 No. 1 (May 2003), p. 6
- "History". Retrieved 3 July 2015.
- "Management of osteoporosis in postmenopausal women: 2010 position statement of The North American Menopause Society". Menopause. 17 (1): 25–54, quiz 55–6. 2010. doi:10.1097/gme.0b013e3181c617e6. PMID 20061894. S2CID 7980731.
- Hauk L (August 2013). "ACOG releases practice bulletin on osteoporosis". Am Fam Physician. 88 (4): 269–75. PMID 23944732.
- Compston J, Bowring C, Cooper A, et al. (August 2013). "Diagnosis and management of osteoporosis in postmenopausal women and older men in the UK: National Osteoporosis Guideline Group (NOGG) update 2013". Maturitas. 75 (4): 392–6. doi:10.1016/j.maturitas.2013.05.013. PMID 23810490.
- (PDF) https://www.aace.com/files/osteo-guidelines-2010.pdf. Missing or empty
- Eriksen EF, Díez-Pérez A, Boonen S (January 2014). "Update on long-term treatment with bisphosphonates for postmenopausal osteoporosis: a systematic review". Bone. 58: 126–35. doi:10.1016/j.bone.2013.09.023. PMID 24120384.
- Serrano AJ, Begoña L, Anitua E, Cobos R, Orive G (December 2013). "Systematic review and meta-analysis of the efficacy and safety of alendronate and zoledronate for the treatment of postmenopausal osteoporosis". Gynecol. Endocrinol. 29 (12): 1005–14. doi:10.3109/09513590.2013.813468. PMID 24063695. S2CID 20163452.
- Gauthier K, Bai A, Perras C, et al. (2012). "Denosumab, Raloxifene, and Zoledronic Acid for the Treatment of Postmenopausal Osteoporosis: Clinical Effectiveness and Harms [Internet]". PMID 24278999. Cite journal requires
- "Merck agrees to proposed $27.7 million settlement over Fosamax lawsuits | Reuters". Reuters. 2013-12-09.
- "Merck to Create New Patient Assistance Program for Vaccines" Retrieved May 20, 2008. Archived September 16, 2008, at the Wayback Machine
- "Patient Assistance – Available Prescription Assistance Programs From Merck & Co." Retrieved May 20, 2008.
- Merck Patient Assistance Programs Archived July 27, 2011, at the Wayback Machine
- Staton, Tracy (August 13, 2015). "Merck tallies 36,000 job cuts in 5 years of restructuring". FiercePharma.
- Singer N (May 13, 2009). "Merck paid for medical 'journal' without disclosure". The New York Times. Retrieved 2009-06-17.
- "Statement from Michael Hansen, CEO of Elsevier's Health Sciences Division, Regarding Australia Based Sponsored Journal Practices Between 2000 and 2005" (Press release). Elsevier. May 7, 2009. Retrieved May 28, 2019.
It has recently come to my attention that from 2000 to 2005, our Australia office published a series of sponsored article compilation publications, on behalf of pharmaceutical clients, that were made to look like journals and lacked the proper disclosures. This was an unacceptable practice, and we regret that it took place.
- "Fierce Biotech: Merck JV plans to show up J&J, Sanofi with low-cost cholera vaccine". Archived from the original on 2015-02-07. Retrieved 2015-02-07.
- Johnson, Carrie (February 8, 2008). "Merck to Pay $650 Million In Medicaid Settlement". The Washington Post. Retrieved February 8, 2010.
- "Merck to Pay More than $650 Million to Resolve Claims of Fraudulent Price Reporting and Kickbacks". US Department of Justice. February 7, 2008. Retrieved 2012-06-05.
- Silverman, Ed (February 7, 2008). "Merck To Pay $670 Million Over Medicaid Fraud". Pharmalot.com. Archived from the original on April 29, 2012. Retrieved 2012-06-05.
- "Merck Resolves Federal and State Investigations Related to Certain Past Pricing And Certain Past Sales and Marketing Activities". Merck. February 7, 2008. Retrieved February 8, 2010.
- "P2ric.org Is For Sale" (PDF). infohouse.p2ric.org.
- "U.S. settles $1.8 million pollution case with Merck and Monsanto | US EPA". Yosemite.epa.gov. Retrieved 2012-06-05.
- "MerckforMothers.com". 4 March 2021. Retrieved 4 March 2021.
|Wikimedia Commons has media related to Merck & Co., Inc..|