Merck's 2025 Revenue Guidance Falls Short as Gardasil Shipments to China Pause

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Merck's 2025 Revenue Guidance Falls Short as Gardasil Shipments to China Pause
MERCKREVENUE GUIDANCEGARDASIL
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Merck's full-year 2025 revenue guidance fell short of Wall Street expectations due to a temporary halt in shipments of its HPV vaccine Gardasil to China. The company anticipates 2025 sales of $64.1 billion to $65.6 billion, lower than analyst expectations of $67.31 billion. Merck cited the need to reduce excess inventory and support its partner in China as reasons for the pause.

Merck on Tuesday issued full-year 2025 revenue guidance that fell short of Wall Street's expectations.

Sales of the shot will likely be critical to Merck's efforts to offset losses from its top-selling cancer therapy Keytruda, which will lose exclusivity in 2028. Merck is hoping that Gardasil's expanded approval for men ages 9 to 26 in China will eventually help boost uptake of the shot.The Merck spokesperson said"it is important to note that GARDASIL market dynamics in China do not in any way diminish the confidence Merck has in its business.

Keytruda recorded $7.84 billion in revenue during the quarter, up 19% from the year-earlier period. Analysts had expected sales of $7.63 billion, according to StreetAccount estimates.

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MERCK REVENUE GUIDANCE GARDASIL CHINA VACCINE INVESTORS

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