Merck & Co. Inc. Business Analysis

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Description of Organization, all subsidiaries and/or strategic business units Merck & Co., Inc. was founded in 1891 and is a leading pharmaceutical company with headquarters in Whitehouse Station, NJ. First quarter earnings in 2012 were 11.7 billion dollars worldwide, with revenue being produced from pharmaceuticals, animal health, and consumer care. (Merck Financials 2012)Through science and innovation Merck is one of the largest healthcare companies in the world, delivering vaccines and medicinal needs to humans and animals. (Merck Sharp & Dohme Corp 2009-2012) The organization inside the United States of America is recognized as Merck and & Co, Inc., while outside the U.S., the organization is known as Merck Sharp and Dohme (MSD), or…show more content…
Inc., established in 1891, was a “shoot off” from an American subsidiary of Angel Pharmacy (Engel-Apotheke). The organization became fully independent after the First World War. In 1668 Friedrich Jacob Merck purchased Angel Pharmacy in Darmstadt, Germany. In 1827, Heinrich Emanuel Merck started a large production of alkaloids and plant extracts, which eventually lead to an export business that supplied the United States. In 1887, and as a result of the successful export business, there was the establishment of a subsidiary of Angel Pharmacy in New York. In 1891, the organization became and independent American company through the efforts of Georg Merck, which was the grandchild of Heinrich Emanuel Merck. Once, a former German company subsidiary in New York, the independent Merck and Co. Inc. is currently the 2nd largest healthcare and pharmaceutical company worldwide. In 2009 Merck & Co., Inc. merged with Schering-Plough, becoming the 2nd largest healthcare and pharmaceutical company worldwide. Globally, Merck & Co., Inc. is also a leader in the animal care and consumer products market.…show more content…
Inc., have classified their products into the following genres: Vaccines, Prescribing Products, Consumer Products, and Animal Health. Merck Sharp and Dohme “Products” 2009-2012) allows customers to access product information and materials, for the purpose of education. Patients and customers can also develop a better understanding about various diseases, chronic and acute condition health conditions, and information regarding the safety profiles of recommended vaccinations. Prescription medications may also be ordered on this website, and serves as a mediator between the patient and the pharmaceutical company. With the help of MerckHelp, people with low income may be accepted into a low-income prescription program, which allows them the same access and opportunities to products of Merck & Co., Inc., just like everyone else. (Merck Sharp & Dohme Corp. “”
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