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MRK - Merck & Co Inc News Story

$79.94 -0.3  -0.4%

Last Trade - 26/02/20

Sector
Healthcare
Size
Large Cap
Market Cap £157.16bn
Enterprise Value £151.06bn
Revenue £36.02bn
Position in Universe 31st / 6407

BUZZ-Moody's sees brisk deal activity for pharma, cost pressure for insurers

Thu 16th January, 2020 5:36pm
** M&A activity among pharma companies this year will follow
the brisk pace set in late 2019, Moody's Investors Service says;
names Gilead Sciences  GILD.O , Johnson & Johnson  JNJ.N  and
Merck & Co  MRK.N  among most likely acquirers 
    ** Says research-stage companies as likely targets, adding
that larger, more expensive deals involving profitable targets
are less likely, but the possibility cannot be ruled out
    ** For health insurers, the rating agency expects increased
short-term cost pressures, driven by increased use of high-cost
specialty drugs
    ** Agency says the companies best positioned to manage
specialty drugs cost are UnitedHealth Group  UNH.N  and Cigna
Corp  CI.N  , which each own pharmacy benefit managers, and CVS
Health Corp's  CVS.N  Aetna
    ** Expects the return of an industry-wide health insurance
fee (HIF), created to help fund the Affordable Care Act, to
pressure UNH, Anthem Inc  ANTM.N , Aetna and Humana Inc  HUM.N 
this year; says the companies will be the biggest beneficiaries
of the HIF elimination in 2021

 (Reporting by Manojna Maddipatla in Bengaluru)
 ((manojna.kalyani@thomsonreuters.com; within the U.S. +1 646
223 8780, outside the U.S. +91  80 6749 1692))
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