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Merck & Co., Inc., commonly known as Merck, is a multinational American pharmaceutical company that was founded in 1891. Merck is one of the world’s largest pharmaceutical companies with a revenue of over $47 billion in 2020.
History of Merck
The company was started by George Merck, a German immigrant, in New York City. The company initially started as a pharmacy and gradually moved towards researching and producing medicines. The company gained mainstream success after developing a vaccine for Typhoid Fever in 1908 and later on for Rubella in 1963.
Merck has always been at the forefront of scientific research and innovation, which has led to many groundbreaking discoveries and treatments. Merck was the first company to manufacture the first commercially available polio vaccine, which helped in eradicating polio globally. The company has also been instrumental in developing treatments for HIV, Hepatitis C, and cancer.
Operations and Products
Merck operates in over 100 countries and has a diverse range of products in its portfolio. Merck’s pharmaceutical products mainly focus on therapeutic areas like oncology, vaccines, infectious diseases, neuroscience, and cardiovascular diseases. The company is also involved in animal health and produces vaccines for livestock and pets.
Merck is known for its flagship product, Keytruda, which is a treatment for advanced melanoma and has been approved for the treatment of various types of cancers. The product has generated over $13.6 billion in revenue in 2020 and is one of the company’s main revenue contributors.
Corporate Social Responsibility
As a leading pharmaceutical company, Merck is committed to improving global health and well-being. The company is actively involved in addressing the health needs of underprivileged communities and promoting access to medicines. Merck has been instrumental in providing affordable vaccines for diseases like Dengue fever, HPV, and Rubella, especially in developing countries.
Furthermore, Merck has been recognized for its efforts in preserving the environment and reducing greenhouse gas emissions. The company has committed to reducing its carbon footprint by 40% by 2025.
Merck is a well-respected and recognized name in the global healthcare industry. The company has a strong legacy of innovation and scientific research, which has resulted in some groundbreaking discoveries and treatments. Merck’s commitment to improving global health and well-being highlights its dedication towards bettering humanity.