Merck Provides Comment on U.S. Senate Committee on Finance Hearing
February 24, 2019 11:25 am ET
KENILWORTH, N.J., Feb. 26, 2019 – Merck (NYSE: MRK), known as MSD outside the United States and Canada, announced that today Merck Chairman and CEO Kenneth C. Frazier participated in a hearing about drug pricing held by the United States Senate Committee on Finance. In his testimony, Frazier suggested six ideas to help address patient out-of-pocket costs while ensuring we can continue discovering the next generation of life-saving medicines.
For more than 125 years, Merck’s mission has been to save and improve lives around the world by inventing breakthrough medicines and vaccines, and ensuring they are available and affordable to patients who need them. These are exciting times, when decades of investment in scientific research are yielding life-changing discoveries. It is the investment of today that fuels the innovations of tomorrow. Our success depends on having a U.S. market that is free, competitive and predictable.
At Merck, we believe it is essential that we work together with both Congress and the Administration to ensure the U.S. market empowers innovation while also ensuring patients can survive and thrive without financial hardship. We pledge our cooperation for creating such changes. We are grateful for the opportunity to appear before the committee today.
Frazier’s full testimony can be found here.
For more than a century, Merck, a leading global biopharmaceutical company known as MSD outside of the United States and Canada, has been inventing for life, bringing forward medicines and vaccines for many of the world’s most challenging diseases. Through our prescription medicines, vaccines, biologic therapies and animal health products, we work with customers and operate in more than 140 countries to deliver innovative health solutions. We also demonstrate our commitment to increasing access to health care through far-reaching policies, programs and partnerships. Today, Merck continues to be at the forefront of research to advance the prevention and treatment of diseases that threaten people and communities around the world – including cancer, cardio-metabolic diseases, emerging animal diseases, Alzheimer’s disease and infectious diseases including HIV and Ebola. For more information, visit www.merck.com and connect with us on Twitter, Facebook, Instagram, YouTube and LinkedIn.
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