Merck loses $2.1B in Q4; longtime CEO Frazier to retire
Kenilworth, NJ (AP) — Merck posted a big fourth-quarter loss due to a hefty charge and much higher spending on research, production and overhead. The company also announced Ken Frazier, its longtime chief executive, will retire on July 1. Frazier, Merck’s CEO for the past decade, will be replaced by Rob Davis, the chief financial …
Merck loses $2.1B in Q4; longtime CEO Frazier to retire Read More »