One of the shining stars over at Merck has been Singulair, the allergy and asthma med that pulled in some $4.4 billion last year. Well, for the most recent quarter, sales actually slipped by 1 percent as patients have defected to the new over-the-counter Zyrtec [1] sold by Johnson & Johnson. Plus, the FDA's March announcement of a probe into a potential link between Singulair and suicidal behavior [2]--and a fairly mild spring allergy season--didn't help. Merck acknowledged the flattening sales, lowering its forecast to a range of $4.4 billion to $4.6 billion from its previous estimate of $4.6 billion to $4.8 billion.
What can Merck do to turn it around? The company is offering $20 coupons for Singulair on its website, and it extended its spring ad campaign into the summer. "[W]e are taking additional steps to further support the brand," the company said late last month. Third-quarter sales figures will show just how successful those efforts turn out to be.
- read the story [3] in CNN Money
Related Articles:
Analyst: Singulair drop threatens Merck [4]
FDA interviews for Singulair psych effects [2]
FDA nixes Merck, Schering allergy combo [5]
Links:
[1] http://www.fiercepharma.com/story/zyrtec-guerilla-flyers-spur-blog-buzz/2008-04-22
[2] http://www.fiercepharma.com/story/also-noted-fda-interviews-for-singulair-psych-effects-wal-mart-offers-90-da/2008-05-05
[3] http://money.cnn.com/news/newsfeeds/articles/djf500/200808051451DOWJONESDJONLINE000447_FORTUNE5.htm
[4] http://www.fiercepharma.com/story/analyst-singulair-drop-threatens-merck/2008-06-10
[5] http://www.fiercepharma.com/story/fda-nixes-merck-schering-allergy-combo/2008-04-28