Topic: How To Invest

Power Growth Investor Hotline – Friday, June 4, 2021

Article Excerpt

MERCK & CO. INC., $74.11, is a #1 Power Buy for 2021. The drugmaker (symbol MRK on New York) is a pharmaceutical leader in oncology, acute-care and animal health drugs as well as vaccines. In February 2020, Merck told investors it would spin off what it saw as its non-core assets. They included its Women’s Health business, biosimilars (cheaper copies of complex biologic drugs) and its older legacy brands. The plan was to combine those units into one publicly traded company before giving Merck investors a stake in the independent firm. Yesterday, June 3, 2021, the company completed the spinoff of Organon & Co., symbol OGN on New York. It then handed out the new shares to its investors. Organon aims to be a global healthcare company focused on improving the health of women. It will have a portfolio of more than 60 medicines targeting an entire spectrum of conditions women face, as well as other medical needs. The spinoff will have approximately 10,000…