All of this is (in my view) already well-factored into the NYSE trading price though, and so -- here is the Bloomberg overnight report -- and a most-salient bit:
. . . .Merck & Co. is dropping the price of its blockbuster arthritis medicine Remicade by 25 percent in the U.K. through discounts and rebates to retain market share after cheaper copies became available in February.
Merck is offering 48 million pounds in discounts and rebates to the U.K.’s National Health Service on the basis of about 191 million pounds in Remicade sales, the drugmaker’s Medical Affairs Director Colin Wheeler said in an interview Thursday. That compares with discounts of about 20 percent to 30 percent to the Remicade price offered by Napp Pharmaceuticals Ltd. and Pfizer Inc.’s Hospira unit, which market a so-called biosimilar manufactured by South Korea’s Celltrion Inc., he said. . . .
Third quarter 2015 revenue by product-line results (as press released, and filed with the SEC) will certainly show a continuing erosion -- but the full force of this 25 per cent mark-down won't really appear until the fourth quarter 2015 results are released, in late January 2016.
Onward -- and no long faces, here this morning -- as those young Cubs were a delightful treat, from July, on -- wholly-unexpected and bouyant, despite the flame-out of a finish. There's always. . . next year. . . next year! I do now owe my Gotham-dwelling elder brother an extra large deep dish, with everything, as a result. Oh well. Smile. . . .
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