Pharmaceutical giant Merck announced plans to expand their exposure to Africa this morning. According to their kingpin CEO Karl-Ludwig Kley, their aim is to double drug sales in Africa by 2020. Read the full PR announcement here.
They want to be welcomed by the communities of Africa. Therefore they also pledged to eliminate schistosomiasis, a parasite that kills around 200,000 people every year.
Overall I see this as a big positive for the company. Africa is a majorly untapped market, and drugs are an easy sell. Bullish.
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