July 26 (Reuters) - Germany's Merck ( MRK ) on Friday
raised its forecast for the group, mainly driven by a strong
operating performance at its healthcare and electronics units.
The maker of pharmaceuticals, lab gear and specialty
chemicals now expects net sales to be between 20.7 billion euros
($22.49 billion) and 22.1 billion euros for 2024.
The healthcare unit's performance "more than offset the
provision equal to a mid-double-digit million euro amount
associated with xevinapant", the statement added.
Last month, the company said a clinical trial testing its
head and neck cancer drug, xevinapant, would be stopped for lack
of efficacy.
For the second quarter, the diversified group reported
net sales of 5.4 billion euros and adjusted earnings before
interest, income tax, depreciation and amortisation of 1.5
billion euros.
($1 = 0.9204 euros)