Kenneth C. Frazier
Chairman, CEO & President
Robert M. Davis
CFO & Executive VP of Global Services
Executive VP & President of Merck Manufacturing Division
Merck was founded in the year 1891. The company has been active for over 128 years now. The founder of the company was George Merck. The origin of the company goes back to the roots of its German parent company, which was also known as Merck and was established by the Merck Family, in the year 1668. The company was established when Friedrich Jacob Merck had bought a drug store during that time. The company had grown over the years, from just a pharmaceutical store to a large manufacturer of morphine. In the year 1891, George Merck moved to the USA and therefore started the company in New York as a US subsidiary of the parent company.
During World War I, the company was confiscated since the company was trading with the enemy of the USA during that time, i.e. Germany. All the stocks of the company were purchased back by George Merck, and the US Merck had remained a separate company from its parent company in Germany. In the year 1953, the company had amalgamated with Sharp & Dohme. This merger helped the company to improve its scientific research skills and also perform better chemical manufacturing as well. In the year 1965, the company had acquired Charles E Frosst Limited. Also, during the late 1980s and the 1990s, the company had collaborated with companies such as Dupont and even with Johnson & Johnson, for improving research and development and also sell over the counter consumer medications too. Then in the year 1993, the company had taken over Medco Containment Services for about $6 billion. In the year 2009, the company had collaborated and merged with Schering-Plough, for an amount of almost $41 billion. By the year 2013, the company had over 76,000 employees, with a presence of in nearly 120 countries along with 31 factories across the globe. The company had distributed more than $480 million to non-profit and educational organisations, with the overall amount being $740 million to charitable organisations. In the year 2014, the company had taken over Idenix Pharmaceuticals, for about $3.8 billion. The following year, the company partnered with Ablynx. In the year 216, the company also partnered with Complix and Quartet Medicine. In the year 2017, the company had taken over Vallee SA, for about $554 million. Then in the year 2018, the company had taken over Viralytics and Antelliq Group, for $394 million and $2.4 billion, respectively. As of the year 2019, the company had acquired Immune Design Corp, for about $300 million. The headquarters of the company is based in 2000 Galloping Hill Road. The name of the place is Kenilworth, while the name of the state is New Jersey, USA. The area pin code is 07033.
Merck is a German company that focuses on providing global healthcare by the designing and development of various kinds of drugs and medicines. The current CEO, chairman and president of the company, are Kenneth C Frazier. As of the year 2018, the company had generated overall revenue of almost $42.2 billion. Also, the number of employees working at the company is more than 69,000, as of the year 2018. The company is ranked at number 78 in the Fortune 500 companies list. Merck is also one of the largest pharmaceutical companies in the world.
The primary services provided by the company include allowing customers and clients to purchase various kinds of drugs and medicines, manufactured by the company itself. The company also manufactures other pharmaceutical products as well. Some of the products of the company include - Singulair, Zocor Vioxx Fosamax, Gardasil, etcetera.
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