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HEALTHCARE: Merck & Co (MRK: A1 pos/A+): Shares Down 11%

HEALTHCARE
  • Huge drop on reduced guidance and halt to Gardasil sales in China
  • My feeds for bonds are showing more or less unchanged in EUR and USD
  • Issued €3.4bn in May '24 to pay upcoming maturities + Elanco Animal Health aqua business
  • €500m matured in Nov '24 and $2.5bn due in Feb 25 - which we assume is covered. Nothing else until 2026.
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  • Huge drop on reduced guidance and halt to Gardasil sales in China
  • My feeds for bonds are showing more or less unchanged in EUR and USD
  • Issued €3.4bn in May '24 to pay upcoming maturities + Elanco Animal Health aqua business
  • €500m matured in Nov '24 and $2.5bn due in Feb 25 - which we assume is covered. Nothing else until 2026.