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Robert M. Davis

Robert M. Davis

Chairman and Chief Executive Officer, Merck

Appears in 1 story

Notable Quotes

"The acquisition of Terns builds on our growing presence in hematology with TERN-701, a potential best-in-class candidate for the treatment of certain patients with chronic myeloid leukemia." — March 25, 2026

"This transaction further diversifies and strengthens our position in oncology as we continue to look for opportunities to broaden our portfolio into other therapeutic areas."

Stories

Merck races to rebuild its drug portfolio before Keytruda's patent expires

Money Moves

Leading Merck's patent-cliff strategy

Keytruda, the world's best-selling drug, generated $31.7 billion for Merck in 2025 — roughly 40% of the company's total revenue. Its key U.S. patents expire in 2028, and when they do, cheaper copies will enter the market and that revenue will begin to evaporate. Merck has now spent over $25 billion on three acquisitions in nine months to build the portfolio that will need to replace it.

Updated Yesterday