Headquartered in Kenilworth, New Jersey, United States, Merck & Co. is at 6th position in the list of pharmaceutical companies in USA.
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Outside US and Canada Merck & Company is known as Merck Sharp & Dohme (MSD). Merck & Co was started in 1891, and this 125 year old company was founded as a subsidiary of the German company Merck, & was founded by George Merck.
In 1917, Merck & Co. became an independent company. As of 2015, Merck had a total of 70,000 employees. Kenneth Frazier works as the Chairman and CEO of the company. Merck is credited with developing some of the important vaccines - mumps, rubella, and measles. It also developed a single vaccine for all the three diseases.
The company had a revenue of $ 39498 million in 2015 of which $ 175000 million were generated from its US operations. Its total profits were $ 4442 million. The market capitalization of the company was at $ 149010 million. Merck & Co. started to help people who could not afford medications in 1950s. It has total 7 programs to provide assistance to patients.
Merck is going to acquire Afferent Pharmaceuticals. Merck will pay $500 million in cash for acquisition of outstanding stocks of Afferent. Merck is also planning to acquire companies which produce marijuana based drugs. The company spent $6.6 billion for its R&D in 2015.