0931 ET - Merck is in a strong financial position, Finance Chief Caroline Litchfield says on a call with investors, noting that the company will continue to pursue acquisitions following its $10 billion deal for Verona Pharma. The Verona deal, expected to close in 4Q, will be financed through a combination of cash on hand, commercial paper and new debt issuance, Litchfield adds. Merck projects the transaction will ding adjusted EPS by approximately 16 cents in the first year, hurt by costs associated with the transaction, partially offset by sales of its newly acquired drug Ohtuvayre. Litchfield notes that the deal hasn't changed Merck's capital allocation strategy, as the company will continue to invest in its portfolio and pipeline, grow its dividend and repurchase shares, and pursue acquisitions. (connor.hart@wsj.com)
(END) Dow Jones Newswires
July 09, 2025 09:31 ET (13:31 GMT)
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