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Merck reports poor second quarter

By 69 News, (follow: @69news), news@wfmz.com
Published On: Jul 29 2013 07:00:00 PM CDT
Updated On: Jul 30 2013 06:02:59 PM CDT

A locally-based drug maker is reporting a rough second quarter.

A locally-based drug maker is reporting a rough second quarter.

Merck says its second quarter profit has fallen by about half.

The company made $906 million over the second three months of the year.

Last year, that figure was $1.8 billion

Revenue was also down.

The Hunterdon County-based drug maker is blaming the bad quarter on generic competition and other problems.