MRK - Merck
The parent company of Merck & Co (NYSE: MRK) traces its roots back to 1668, when Merck was formed in Darmstadt, Germany by Frederic Jacob Merck. The first American subsidiary launched in 1891.
Merck & Co. is a pharmaceutical company which considers research its core business, and works to develop health products for humans and animals primarily for the American market.
They also manufacture and market a large number of their products, but also look for joint ventures which make sense to them and their potential partners.
The two major business segments of the company are the Pharmaceutical and Vaccines units.
In a rare move for Merck, they acquired Schering-Plough for $41 billion last year. They prefer to grow organically rather than through acquisitions, but their leaders felt they needed to make this move in the midst of the economic conditions they faced and changing industry they're in, where they believe they need more scale.
The company is based in Whitehouse Station, New Jersey.
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