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Merck's Blockbuster Vaccine Gardasil Sales In China: Analyst Highlights Challenges and Opportunities
Goldman Sachs recently discussed with Joe Romanelli, President of Human Health International at Merck & Co Inc (NYSE:MRK), to review Gardasil’s performance and future outlook in China.
Gardasil vaccine is indicated for girls and women 9 through 45 years to prevent cervical, vulvar, vaginal, anal, oropharyngeal, and other head and neck cancers caused by Human Papillomavirus (HPV) types.
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During its second-quarter earnings report, Merck revealed challenges in the broader Chinese vaccine market and operational issues with its partner Zhifei, which led to weaker-than-expected second-quarter sales and a more cautious growth outlook for the second half of 2024.
Gardasil’s sales revenue from China makes up about 50% of its total Gardasil sales, with ...