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Essay / Research Paper Abstract
This paper analyzes Merck, its history and its current financial status. The paper also touches on competitive forces as well as Merck's plans for the future. Bibliography lists 2 sources
Page Count:
7 pages (~225 words per page)
File: D0_MTmerckp.rtf
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Unformatted sample text from the term paper:
beginnings in a 18th century German chemists shop, the company has gained much fame for its many drugs developed to help aid and extend quality of life. Because of its
reputation for quality, Merck has attracted the best and brightest scientists and chemists to its R&D labs. For all of its longevity, research and development, however, Merck is in financial
trouble. With the Food and Drug Administration (FDA) keeping a careful eye on prescriptions and manufactured drugs, and with competition from generic drug-makers becoming more prevalent, large pharmaceutical companies such
as Merck are running into financial problems. These companies are attempting to survive through mergers and acquisitions. However, in an industry that is focused on consolidation as a way to
survive the current climate, Merck is determined to remain independent and to continue to manufacture quality drugs and pharmaceuticals. The purpose of this
paper is to examine Mercks history, discuss its current status and to examine its financial information. The end of this paper contains a balance sheet discussing various financials, including ROI,
ROE, stock prices earnings per share and other income and debt information that is important to this publicly traded company. By examining Mercks financial status, trends will be apparent that
this once giant drug company is definitely suffering a mid-life crisis. Background Merck, which is headquartered in Whitehouse Station, New Jersey, is known
for the manufacture of many products including Zocor and Mevacor for high cholesterol levels; Crixivan for AIDS; Vasotec and Prinivil for hypertension and Vioxx for pain management (Hoovers, 2002) as
well as many other prescription drugs that are currently undergoing experiments and trial tests. Mercks researchers, chemists and other scientists are considered the best and brightest in the world (Simons,
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