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MarketScreener Homepage  >  Equities  >  Xetra  >  Merck KGaA    MRK   DE0006599905

MERCK KGAA

(MRK)
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Merck : Mammoth Biosciences Partner to Produce, Scale Up Covid-19 Test

10/29/2020 | 11:41am EST

By Olivia Bugault

Merck KGaA said Thursday that it is collaborating with California-based Mammoth Biosciences for the development, scale-up and commercial production of Covid-19 diagnostic tests in the U.S.

The New SARS-CoV-2 test developed by Mammoth could enable performing roughly 1,500 tests per 8-hour shift, the German pharmaceutical and chemicals company said.

"This collaboration will allow us to help Mammoth with the development and production of their new SARS-CoV-2 test, which, once approved by the FDA, will increase testing capacity here in the U.S. at the scale needed to combat this pandemic," the head of Merck's applied solutions, Life Science, said.

Mammoth Biosciences is planning to submit its CRISPR-based tests for FDA emergency use authorization later this year, it said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

10-29-20 1240ET

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Financials
Sales 2020 17 381 M 20 805 M 20 805 M
Net income 2020 2 013 M 2 409 M 2 409 M
Net Debt 2020 11 224 M 13 435 M 13 435 M
P/E ratio 2020 28,6x
Yield 2020 1,06%
Capitalization 57 999 M 69 344 M 69 426 M
EV / Sales 2020 3,98x
EV / Sales 2021 3,70x
Nbr of Employees 58 077
Free-Float 29,7%
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Technical analysis trends MERCK KGAA
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 135,37 €
Last Close Price 133,40 €
Spread / Highest target 26,7%
Spread / Average Target 1,48%
Spread / Lowest Target -24,3%
EPS Revisions
Managers
NameTitle
Stefan Oschmann Chairman-Executive Board & CEO
Wolfgang Heinz Büchele Chairman-Supervisory Board
Marcus Kuhnert Chief Financial Officer
Christian Raabe Independent Member-Supervisory Board
Edeltraud Glänzer Independent Member-Supervisory Board
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