Germany-based Merck KGaA (MKGAF - Free Report) provided an update on its objectives up to 2018 at the company’s 2016 Capital Market Day.
At the Healthcare business, the company aims to obtain approval of one medicine or indication every year starting 2017. Through 2022, Merck expects to generate sales of €2 billion from the products in its pipeline.
Moreover, the company anticipates filling for avelumab for the treatment of metastatic Merkel cell carcinoma this year. Note that avelumab is being developed in collaboration with Pfizer Inc. (PFE - Free Report) .
The Life Science business segment is benefitting from strong demand in the biopharmaceutical space and efficient integration of the Sigma-Aldrich acquisition. The company has realized substantial synergies from this buyout much earlier than planned. By 2016 end, it now expects to leverage €105 million in comparison to the originally planned annually recurring cost synergies of €90 million.
The company has also announced its plans for growth beyond 2018. It expects to generate sales of €4 billion from new products by 2022.
Stocks to Consider
A couple of favorably placed stocks in the health care sector are Incyte Corporation (INCY - Free Report) and Geron Corporation (GERN - Free Report) . Both the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Incyte’s earnings estimates for 2016 and 2017 were up a respective 29.4% and 9.8% over the last 60 days. The company has beaten earnings estimates thrice in the last four quarters with an average surprise of 335.16%.
Geron has delivered a positive earnings surprise in each of four trailing quarters, bringing the average beat to 20.78%.
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Germany-based Merck KGaA (MKGAF - Free Report) provided an update on its objectives up to 2018 at the company’s 2016 Capital Market Day.
At the Healthcare business, the company aims to obtain approval of one medicine or indication every year starting 2017. Through 2022, Merck expects to generate sales of €2 billion from the products in its pipeline.
Moreover, the company anticipates filling for avelumab for the treatment of metastatic Merkel cell carcinoma this year. Note that avelumab is being developed in collaboration with Pfizer Inc. (PFE - Free Report) .
The Life Science business segment is benefitting from strong demand in the biopharmaceutical space and efficient integration of the Sigma-Aldrich acquisition. The company has realized substantial synergies from this buyout much earlier than planned. By 2016 end, it now expects to leverage €105 million in comparison to the originally planned annually recurring cost synergies of €90 million.
The company has also announced its plans for growth beyond 2018. It expects to generate sales of €4 billion from new products by 2022.
Stocks to Consider
A couple of favorably placed stocks in the health care sector are Incyte Corporation (INCY - Free Report) and Geron Corporation (GERN - Free Report) . Both the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Incyte’s earnings estimates for 2016 and 2017 were up a respective 29.4% and 9.8% over the last 60 days. The company has beaten earnings estimates thrice in the last four quarters with an average surprise of 335.16%.
Geron has delivered a positive earnings surprise in each of four trailing quarters, bringing the average beat to 20.78%.
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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