Home Merck Announces Global Initiative to Sharpen Commercial and R&D Focus
 

Keywords :   


Merck Announces Global Initiative to Sharpen Commercial and R&D Focus

2013-10-01 13:30:00| Merck.com - Corporate News

Dateline City: WHITEHOUSE STATION, N.J. Company Redesigns Operating Model; Reduces Cost Base Initiative targets net reduction in annual operating expenses of approximately $2.5 billion by the end of 2015 Plan includes new workforce reductions of approximately 8,500 positions, in addition to pending, previously announced reductions Company reaffirmed 2013 full-year non-GAAP EPS target of $3.45 to $3.55; revised GAAP EPS range to $1.58 to $1.82 WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Merck (NYSE:MRK), known as MSD outside the United States and Canada, today announced a global initiative to sharpen its commercial and research and development (R&D) focus. The multi-year initiative will enable Merck to better target its resources behind those opportunities that have the potential to deliver the greatest return on investment, including bolstering its pipeline and implementing a more agile operating model, with a significantly reduced, more flexible cost structure. Language: English Contact: MerckMedia Contacts:Kelley Dougherty, 908-423-4291Steven Cragle, 908-423-3461orInvestor Contacts:Carol Ferguson, 908-423-4465Joe Romanelli, 908-423-5185 Ticker Slug: Ticker: MRK Exchange: NYSE read more

Tags: global commercial focus initiative

Category:Biotechnology and Pharmaceuticals

Latest from this category

All news

»
14.1115kg 50mm
14.11ONE PIECE BOX
14.11DAIWA OCEAN STAR 500
14.11fender jhon mayer blackone
14.11 Angel Touch Plus vol.3
14.11Strymon BigSky
14.11
14.11 TOUR B X 2
More »