The company also announced that its breast cancer drug, giredestrant, did not meet its primary endpoint during Phase 2 trials.
Global COVID testing-related sales totaled $3.3 billion during the quarter, led largely by continued demand for rapid testing products.
Arthur Sadoun on resilience during COVID-19, pay cuts and Maurice Levy’s advice.
WPP saw a decline in healthcare and pharma in 2019 due to assignment losses.
Merck announced a spin-off of its biosimilar, women’s health and legacy products.
WPP is defending its media account with Novartis this year.
IPG owns networks McCann Health and FCB Health, as well as Healix, Golin, Virgo Health and ReviveHealth.
The holding company’s performance was held aloft by strong results in Europe, Asia and the Middle East.
The healthcare agencies posted the highest organic revenue growth of Omnicom’s five disciplines.
Q1 earnings highlights from Merck, Pfizer and Eli Lilly.
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