Stock Watch: Merck And Pfizer Reclaim Pharmaceutical Defensiveness
Different Post-Pandemic Narratives, But Similar Full-Year Guidance Increases
• By Andy Smith
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Merck grew sales, increased financial guidance and beat analysts’ expectations, noting a base business recovery from the pandemic. Pfizer increased guidance and beat expectations for different reasons.
ANDY SMITH OFFERS A LIFE SCIENCE INVESTOR'S PERSPECTIVE ON BIOPHARMA BUSINESS
After the first two weeks of third-quarter earnings season the robust sales growth in difficult economic times that underpins the defensiveness of the pharmaceutical sector was looking distinctly fragile. But then Merck & Co., Inc. and Pfizer Inc.* reported their results.
Merck’s third-quarter sales grew by nearly 14% on the same quarter of 2021 and further demonstrated a momentum that had...
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