Merck: There’s more to us than Keytruda. Really

first_img Put this in the category of good problems to have: In its first four years on the market, Keytruda, made by Merck, has had the best sales launch in the history of cancer drugs.In the third quarter of 2018, Merck reported sales of $1.9 billion of the checkpoint inhibitor, 18 percent of the company’s total revenue. Keytruda sales have now surpassed those of Opdivo, a similar medicine from Bristol-Myers Squibb. According to projections collected by Evaluate Pharma and touted by Merck, full-year sales of Keytruda will approach $7 billion. STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. By Matthew Herper Jan. 9, 2019 Reprints About the Author Reprints GET STARTED What is it? Mel Evans/AP Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED Tags biotechnologySTAT+ @matthewherper center_img Senior Writer, Medicine, Editorial Director of Events Matthew covers medical innovation — both its promise and its perils. Merck: There’s more to us than Keytruda. Really Matthew Herper Log In | Learn More Biotech [email protected] What’s included? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.last_img read more

Ericsson braced for China 5G hit

first_imgHome Ericsson braced for China 5G hit 5GEricssonwrite-down Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 JUN 2020 Related Previous ArticleCanada delays latest 5G auction due to Covid-19Next ArticleHuawei mounts UK charm offensive as pressure grows Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Telkomsel turns on 5G in major citiescenter_img Kavit Majithia Ericsson planned a write-down of assets related to its China business, a move which will see the Swedish vendor hit with costs amounting to SEK1 billion ($108.6 million) in the current quarter.In a statement, Ericsson said the write down was previously anticipated: it warned in its Q1 results it expected to be hit by a temporary negative gross margin in China.The company explained the hit was an effect of strengthening its position in China after winning 5G contracts with all three major operators, and it would be hurt by costs related to asset write-downs of pre-commercial product inventory for the market.It will record the costs in its Networks segment, impacting gross margin.However, the effect is not expected to be long term, with its overall 5G business expected to have healthy profitability.“While the deployment of 5G in China will continue to be dilutive to segment Networks gross margin short-term, it is expected to contribute positively to gross and operating income from the second half of 2020 and in line with the business plan be profitable over time,” the vendor stated.Financial targets for 2020 and 2022 remained unchangedWhile Huawei and ZTE picked up the majority of 5G contracts from China Mobile, China Unicom and China Telecom, Ericsson was one of the biggest non-domestic winners, securing around 10 per cent of contracts, largely at the expense of European rival Nokia. Subscribe to our daily newsletter Back Former Ericsson employees charged in bribery case Mobile Mix: Buzzing for Barcelona Tags Asia last_img read more

Lumberjacks complete a weekend sweep out west with a 2-0 win over Tri-City

first_img (33138) (8187) Mail $0.00 Not relevant NBC Sports Fox Sports Go Bestseller Thank you! This will help us improve your ad experience. We will try not to show you such ads again. LocalSportsJournal.comThe Muskegon Lumberjacks completed a great weekend out west on Saturday with a 2-0 victory over the Tri-City Storm at the Viaero Center in Kearney, Nebraska.The Jacks ended up outscoring the Storm 11-1 on Friday and Saturday nights combined.Adam Brizgala picked up the shutout in goal for the Lumberjacks on Saturday, stopping all 17 Tri-City shots.Muskegon is now 33-17-4 on the season, good for 70 points in the USHL’s Eastern Conference.The moved into second place in the conference, three points behind first-place Chicago and one point ahead of third-place Dubuque.The Lumberjacks will return home for a four-game home stand, starting next weekend with games on Friday and Saturday against the Fargo Force.The first period ended in a scoreless tie with the Lumberjacks outshooting Tri-City by a 13-7 margin.Muskegon opened the scoring at the 4:48 mark of the second period on an unassisted goal from Andrei Svechnikov.Austin Albrecht capped the scoring with his fourth goal of the weekend at 17:36 of the third period. Add Comments (Max 320 characters) $3.99 Add Comments (Max 320 characters) Report a problem This item is… ENDS IN Inappropriate / Offensive Inappropriate / Offensive Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Add Comments (Max 320 characters) DEAL OF THE DAY Displayed poorly Shares DEAL OF THE DAY Report a problem This item is… Not relevant (124) Displayed poorly × FOX Sports: Stream live NFL, College Footbal… Add Comments (Max 320 characters) Not relevant Inappropriate / Offensive (1009) Range: Why Generalists Triumph in a Special… ENDS IN $0.00 Not relevant Bestseller Other $0.00 Not relevant Inappropriate / Offensive The League ENDS IN × Bestseller Inappropriate / Offensive DEAL OF THE DAY $14.99 DEAL OF THE DAY Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Other $26.86$49.99 Not relevant Displayed poorly Report a problem This item is… Franklin Sports MLB Electronic Baseball … Other (35539) Add Comments (Max 320 characters) Ads by Amazoncenter_img Other × Thank you! This will help us improve your ad experience. We will try not to show you such ads again. (1862) ENDS IN Displayed poorly Bestseller Displayed poorly Report a problem This item is… Other Other DEAL OF THE DAY Add Comments (Max 320 characters) $59.99 Thank you! This will help us improve your ad experience. We will try not to show you such ads again. ENDS IN × Displayed poorly Report a problem This item is… Not relevant Thank you! This will help us improve your ad experience. We will try not to show you such ads again. $15.29$17.99 Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Add Comments (Max 320 characters) Bestseller Share Displayed poorly Shop Now (1461) Not relevant Inappropriate / Offensive Bestseller Report a problem This item is… Other Report a problem This item is… Inappropriate / Offensive Share (22) × Ads by Amazon Bestseller ENDS IN × Add Comments (Max 320 characters) × Thank you! This will help us improve your ad experience. We will try not to show you such ads again. Report a problem This item is… Displayed poorly × ENDS IN Inappropriate / Offensive DEAL OF THE DAY Bestseller Other Dude Perfect Signature Bow Nerf Sports Bi… A Warrior’s Heart DEAL OF THE DAY ENDS IN DEAL OF THE DAYlast_img read more

Caps Fall to Jets in OT 4-3

first_imgThe Washington Capitals fall short again tonight continuing there losing streak of four games. The Caps blew a two point lead in the third period, and let in a goal after the Jets pulling goalie Connor Hellebuyck and scoring the tying goal with less than 40 seconds in the game.After Nicklas Backstrom lost a face off Jets forward Mark Scheifele broke forward and set up Tyler Myers in the slot for a one timer goal.The lost wasn’t due to Braden Holtby lack of play. Holtby stopped 40 shots and the goal that tied the game was questionable due to former Capital Matthew Perreault skate collided with Holtby’s pad.To me as a former tendy it was goalie interference. Holtby was unable to push off his right leg to make a save while Perreault was questionably in the crease.Other than a bad lost John Carlson scored his 10 goal of the season that now puts him third in the NHL in points among defensemen, and Evgeny Kuznetsov continued his eight game point streak.Please follow and like us:last_img read more