You need to continue to work on your cost element. But you're not going to save your way to growth. You need to develop products.
More Quotes from Richard Clark:
As part of our strategy going forward we are aggressively looking at alliances and joint ventures and acquisitions of biotech companies.Richard Clark
We continue to believe we can generate compound annualized revenue growth, including 50 of the revenues from the joint ventures from which the company derives equity income, of between 4 to 6 through 2010. We also believe we can deliver double-digit compound earnings growth, excluding restructuring charges, over the next three to five years.
Richard Clark
We are engaged in an ongoing effort to enhance efficiencies throughout the company and improve the way we discover, develop, manufacture and market our medicines and vaccines.
Richard Clark
We've got a good department. We've got a lot of good officers working for the public and protecting their interest.
Richard Clark
The company also anticipates returning to bottom-line EPS growth, excluding restructuring charges, beginning in 2007.
Richard Clark
Merck will remain a research-driven pharmaceutical company, but we need to change our approach to virtually every aspect of our business and we must act with a sense of urgency.
Richard Clark
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