Generic competition cuts Merck's Q1 s...

Generic competition cuts Merck's Q1 sales, profit

There are 2 comments on the The Tribune story from May 1, 2013, titled Generic competition cuts Merck's Q1 sales, profit. In it, The Tribune reports that:

Drugmaker Merck & Co. is reporting lower first-quarter results and cutting its 2013 profit forecast by 15 cents a share.

Join the discussion below, or Read more at The Tribune.

sudheesh

India

#1 May 13, 2013
Merck's turnover will definitely come down shortly-they had lost patent protection for their diabetic medicine Januvia (sitagliptin) in Indian market. Local drug manufacturer Glenmark to has launched the molicule in Indian market with half the price of Januvia.Merck had filed a law suit against Glenmark, but the Mumbai hi court verdict was supporting Glenmark....
santhosh

Chennai, India

#2 May 13, 2013
Multinational drug manufacturer (Merck MSD) gaining money through unethical practices in India.All Merck products (singulair, Januvia,Decadurabolin,Quadride rm,Alaspan etc) are available in black market with 20 to 30 % product offer,where as company is not giving any offer to its approved channel partner . On our enquiry, we find out how this is happening...surprisingly the findigs where shocking. Actually company is not giving any offer, but thr representative and Area manager are putting money from their pocket and create an offer they bill the products to substockists (not the approved stockist) in order create the demand of the product in the market and there by retain their jobs.The top brasses of the company aware about this and they simply keeping quite in order to get the business.In short poor field people (representatives )of the company need to spend half of their salary for this unethical practices.

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