Merck plans $3B cost cuts as Keytruda faces patent cliff

12 hours ago 1
Merck & Co. headquarters in Silicon Valley

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Merck (NYSE:MRK) is cutting $3 billion from its annual expenses as it prepares for generic competition to its blockbuster cancer drug, Keytruda.

The Rahway, New Jersey-based company announced Tuesday it will reduce administrative, sales, and research roles, and scale back its global real estate

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