Merck raises outlook for electronics and healthcare, sees improved chip market demand
- Merck KGaA is seeing a faster-than-expected improvement in its semiconductor materials business and is aiming to accelerate its drug development pipeline, the German pharma and technology company said on Thursday.
Merck's semiconductor solutions business, which makes up 69% of its electronics business, the smallest of its three divisions that accounts for about 18% of group sales, posted a 10.4% rise in second-quarter net sales, beating analysts' expectations. For its Healthcare division, Merck also raised its outlook to 6% to 9% sales growth from 4% to 7%, despite recent drug development setbacks.In June, the German diversified group said it stopped trials of the head and neck cancer drug xevinapant after it failed phase 3 trials, which followed earlier drug development setbacks, including the multiple sclerosis drug in December.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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