Mission Statement, Vision, & Core Values of Merck & Co., Inc. (MRK)

How does a company stay true to its purpose while navigating the complexities of a rapidly evolving world? For , a science and technology company, the answer lies in its clearly defined mission, vision, and core values. These guiding principles shape its strategic decisions and daily operations, driving its commitment to improving global health and well-being. Did you know that in 2024, generated sales of €21.2 billion across 65 countries, demonstrating the global impact of its mission?

Let's delve into the specifics: What exactly does aim to achieve, and what values underpin its pursuit of scientific breakthroughs and innovative healthcare solutions? How do these elements contribute to the company's overall success and its role in addressing the world's most pressing health challenges?

Merck & Co., Inc. (MRK) An Overview of

Merck & Co., Inc., known as Merck Sharp & Dohme (MSD) outside of the United States and Canada, has a rich history dating back to 1891. Originally the U.S. subsidiary of the German company Merck, it became an independent entity during World War I. Today, it stands as a global pharmaceutical giant, developing and marketing a wide range of innovative medicines, vaccines, and animal health products. With a commitment to advancing health and well-being, Merck continues to address unmet medical needs and improve lives worldwide.

Merck's diverse portfolio includes treatments for various therapeutic areas, such as oncology, cardiovascular disease, infectious diseases, and immunology. Key products include:

• Keytruda (pembrolizumab): An anti-PD-1 therapy used in the treatment of various cancers.
• Januvia (sitagliptin): A DPP-4 inhibitor for the treatment of type 2 diabetes.
• Gardasil (recombinant HPV vaccine): A vaccine to prevent certain types of human papillomavirus infections.

As of April 2025, Merck continues to be a major player in the pharmaceutical industry, driven by its innovative research and development efforts and strategic collaborations.

In the fiscal year 2024, Merck demonstrated robust financial performance, driven by strong sales of its key products and strategic growth initiatives. The company reported record-breaking revenue, with Keytruda being a significant contributor. Merck's animal health division also experienced substantial growth, further bolstering its financial results. These financial achievements reflect Merck's commitment to innovation and its ability to capitalize on market opportunities.

Merck has seen substantial growth in key markets, particularly in emerging economies, where there is increasing demand for innovative medicines and vaccines. The company's strategic focus on expanding its global footprint has enabled it to tap into new sources of revenue and strengthen its competitive position. Additionally, Merck's commitment to research and development has resulted in a robust pipeline of new products, positioning it for continued growth in the years to come.

Merck & Co., Inc. stands as a leader in the pharmaceutical industry, driven by its commitment to innovation, global reach, and strong financial performance. To understand the reasons behind Merck's success and its standing in the market, explore the following link: Exploring Merck & Co., Inc. (MRK) Investor Profile: Who’s Buying and Why?

Merck & Co., Inc. (MRK) Mission Statement

Merck & Co., Inc. (MRK), a leading global biopharmaceutical company, directs its efforts toward a central mission. The mission statement reflects the company's dedication to improving health and well-being worldwide through innovative research, development, and delivery of medicines and vaccines.

Merck's mission is: 'To discover, develop, and provide innovative medicines and vaccines that help improve the health and well-being of people around the world.' This statement emphasizes several core aspects of the company's operations:

• Innovation: Merck focuses on pioneering scientific advancements and breakthroughs to create new and effective healthcare solutions.
• Global Impact: The company is committed to making a difference in the lives of patients globally by addressing a wide range of diseases.
• Responsibility: Merck recognizes its role in influencing global health by providing access to essential medicines and vaccines.

The mission integrates innovation, patient-centricity, and global responsibility, guiding Merck's strategies and operations. The company strives to uphold the highest ethical standards, foster a culture of respect and inclusion, and operate responsibly to ensure a safe, sustainable, and healthy future for all.

Here's a breakdown of the core components of Merck's mission statement:

Discovering Innovative Medicines and Vaccines

Merck's commitment to discovering innovative medicines and vaccines is central to its mission. This involves:

• Investing in research and development (R&D) to identify new treatments and cures for diseases.
• Staying at the forefront of scientific advancements and technological breakthroughs.
• Focusing on areas of unmet medical need to address critical healthcare challenges.

Merck invests significantly in R&D. This commitment to innovation enables the company to develop cutting-edge treatments that improve patient outcomes and address unmet medical needs.

Improving Health and Well-Being Globally

Merck aims to enhance the health and well-being of people worldwide. This commitment includes:

• Developing high-quality medicines and vaccines that combat a wide range of diseases.
• Expanding access to healthcare for individuals regardless of their background or circumstances.
• Collaborating with global health organizations to address public health challenges.

Merck's dedication to global health is evident through its various programs and partnerships aimed at improving healthcare access and outcomes in underserved populations. The company actively engages with organizations to tackle diseases and enhance public health on a global scale.

Core Values

Merck's core values underpin its mission and guide its operations:

• Ethics and Integrity: Upholding the highest standards of ethical conduct and integrity in all interactions and decisions.
• Respect for People: Valuing the diversity, knowledge, and skills of its employees and fostering a culture of inclusion and empowerment.
• Patients First: Prioritizing the needs of patients and ensuring the delivery of high-quality products and services.

These values are integral to Merck's culture, shaping its decisions and actions. The company's commitment to ethics, respect, and patient-centricity reinforces its mission to improve lives around the world.

For further insights into Merck's financial standing, explore: Breaking Down Merck & Co., Inc. (MRK) Financial Health: Key Insights for Investors

Merck & Co., Inc. (MRK) Vision Statement of

A vision statement serves as a roadmap, outlining a company's aspirations and its desired future state. It is a declaration of what the organization hopes to achieve in the long term, guiding its strategic decisions and inspiring its stakeholders. For Merck & Co., Inc. (MRK), a global healthcare leader, the vision statement reflects its commitment to innovation, health, and making a difference in the world.

Merck's vision is centered around several key themes:

• Discovering, developing, and providing innovative products and services.
• Improving the health and well-being of people and animals worldwide.
• Operating with integrity and social responsibility.

These themes are interconnected and demonstrate Merck's holistic approach to healthcare and its role in society. Let's explore each of these themes in more detail.

Innovation in Products and Services

Merck's vision emphasizes the importance of continuous innovation. This commitment is reflected in the company's substantial investment in research and development (R&D). In 2024, Merck invested $13.5 billion in R&D, demonstrating its dedication to discovering and developing new medicines and vaccines. This investment supports a robust pipeline of potential new products aimed at addressing unmet medical needs across a range of therapeutic areas.

Key areas of focus for Merck's R&D efforts include:

• Oncology: Developing innovative cancer therapies, including immuno-oncology drugs like Keytruda, which generated $25 billion in sales in 2024.
• Vaccines: Creating vaccines to prevent infectious diseases, such as the HPV vaccine Gardasil, which had sales of $9.5 billion in 2024.
• Animal Health: Providing products and services to improve the health and well-being of animals, with the animal health division generating $5.6 billion in revenue in 2024.

Merck's focus on innovation extends beyond pharmaceuticals to include animal health and related services. This diversified approach allows the company to address a broader spectrum of health-related needs.

Improving Health and Well-being Worldwide

At the core of Merck's vision is a commitment to improving the health and well-being of people and animals globally. This commitment is evident in the company's efforts to increase access to its medicines and vaccines, particularly in underserved communities. For example, Merck has programs in place to donate medicines to combat diseases such as river blindness (onchocerciasis) and to provide access to HPV vaccines in low-income countries.

Key initiatives in this area include:

• Global Health Programs: Initiatives to address major global health challenges, such as HIV/AIDS, tuberculosis, and malaria.
• Access to Medicines: Programs to make medicines and vaccines more affordable and accessible in developing countries.
• Sustainability: Efforts to minimize the company's environmental impact and promote sustainable healthcare practices.

Merck's dedication to global health extends beyond its core business operations, reflecting a broader commitment to social responsibility.

Integrity and Social Responsibility

Merck's vision emphasizes the importance of operating with the highest standards of integrity and social responsibility. This commitment is reflected in the company's code of conduct, which guides its employees in making ethical decisions. Merck also has a strong focus on environmental sustainability, working to reduce its environmental footprint and promote responsible use of resources.

Key aspects of Merck's commitment to integrity and social responsibility include:

• Ethics and Compliance: Maintaining a strong culture of ethics and compliance throughout the organization.
• Environmental Sustainability: Reducing the company's environmental impact through energy efficiency, waste reduction, and responsible sourcing.
• Corporate Governance: Adhering to high standards of corporate governance and transparency.

Merck's commitment to integrity and social responsibility is integral to its long-term success and its reputation as a trusted healthcare leader. In 2024, Merck was recognized for its corporate responsibility efforts, earning a place on several prestigious lists of socially responsible companies.

Merck & Co., Inc. (MRK) Core Values of

At Company, the core values serve as the compass guiding all actions and decisions. These values reflect the company's commitment to making a positive impact on global health and society. The core values are not just words on a page; they are deeply embedded in the company's culture and practices. These values are integral to how Company operates, innovates, and engages with the world. These values drive Company forward, shaping its identity and ensuring its continued success in the ever-evolving healthcare landscape.

Relevant information about Company can be found here: Exploring Merck & Co., Inc. (MRK) Investor Profile: Who’s Buying and Why?

Ethics & Integrity

Company places ethics and integrity at the forefront of its operations. This commitment means adhering to the highest standards of moral and ethical conduct in every facet of the business. It's about ensuring transparency, honesty, and accountability in all interactions, whether with customers, partners, employees, or the broader community.

Recent examples of Company demonstrating ethics and integrity include:

• Maintaining compliance with all applicable laws and regulations across its global operations.
• Ensuring transparency in clinical trials and data reporting.
• Upholding rigorous standards for product safety and quality.

Respect for People

Respect for people is a fundamental value at Company. This encompasses valuing diversity, promoting inclusion, and creating a workplace where every individual feels respected, supported, and empowered to contribute their best. It extends to respecting the rights and dignity of all individuals, both within and outside the organization.

Company demonstrates respect for people through:

• Implementing diversity and inclusion programs to foster a diverse workforce.
• Providing equal opportunities for growth and advancement to all employees.
• Supporting employee well-being through various health and wellness initiatives.

Patients First

Company is dedicated to putting patients first in everything it does. This means prioritizing the needs and well-being of patients above all else. It involves developing innovative medicines and healthcare solutions that address unmet medical needs and improve patient outcomes. Putting patients first also means ensuring access to medicines and healthcare for those who need them, regardless of their ability to pay.

Examples of Company's commitment to patients include:

• Investing $11.4 billion in research and development in 2024 to discover and develop new medicines and vaccines.
• Implementing patient assistance programs to provide access to medicines for low-income individuals and families.
• Collaborating with healthcare providers and organizations to improve patient care and outcomes.

Respect for the Environment

Company recognizes the importance of environmental sustainability and is committed to minimizing its environmental impact. This involves reducing greenhouse gas emissions, conserving natural resources, and preventing pollution. It also means promoting sustainable practices throughout the company's operations and supply chain.

Company demonstrates respect for the environment through:

• Investing in renewable energy and energy efficiency projects to reduce its carbon footprint.
• Implementing waste reduction and recycling programs at its facilities.
• Partnering with suppliers who share its commitment to environmental sustainability.

Focus on Science & Innovation

Company is driven by a passion for science and innovation. This means investing in research and development to discover and develop new medicines and healthcare solutions that improve human health. It also involves fostering a culture of innovation where employees are encouraged to think creatively, take risks, and challenge the status quo.

Company's focus on science and innovation is evident in:

• Its significant investment in research and development, with $11.4 billion allocated in 2024.
• Its pipeline of innovative medicines and vaccines targeting a wide range of diseases.
• Its collaborations with leading academic institutions and research organizations to advance scientific knowledge.