Merck says to retain animal health business as part of company

"We believe that we run this business very well inside the company compared to either competitors," Chief Executive Officer Kenneth Frazier said on call with analysts.

REUTERS

Published On Oct 26, 2018 at 07:52 AM IST

Merck & Co Inc on Thursday indicated that it would keep its animal health business as part of the company, in response to questions about its plans for the unit.

"We believe that we run this business very well inside the company compared to either competitors," Chief Executive Officer Kenneth Frazier said on call with analysts.

Rival Eli Lilly separated its own animal health unit earlier this year, fueling expectations that Merck could follow suit.