Merck (NYSE:MRK), one of the most recognizable names in the pharmaceutical industry, is devoted to the development of new drugs that can treat a wide range of afflictions, from diabetes to cancer.
So why is it collaborating with technology giant Samsung?
Well, it's not quite what you think. Today, Merck announced a partnership with Samsung Bioepis, a joint venture between Samsung's biologics unit and biotech company Biogen Idec. In this video, health-care analyst Max Macaluso discusses the detai mls of this deal and how it fits into Merck's total business.
Max Macaluso, Ph.D., and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.