Merck KGaA at JPMorgan Healthcare Conference Transcript
Are we ready? Yes? Okay. Welcome to the 38th JPMorgan European -- JPMorgan Healthcare Conference. I'm a European and my name is Richard Vosser. And it's my great pleasure to introduce Merck KGaA from Darmstadt at the conference and the CEO, Stefan Oschmann.
So before I hand over to Stefan, all I've got to say is that the breakout following this presentation is in the Olympic Room. Stefan, welcome to the conference.
Thank you. Thank you, Richard. And good morning to all of you. For those of you who are new to us, just a couple of words of introduction. In terms of name, for legal reasons, I'm obliged to refer to us, when I'm in the U.S., to Merck KGaA, Darmstadt, Germany. Our -- what you know is MSD or Merck & Co. used to be our subsidiary, our U.S. subsidiary until 1917. And sort of historical events, the company split. We have friendly relationship with MSD, which doesn't
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