Merck & Co. (MRK) Chief Executive Kenneth Frazier said the company has received "substantial" interest in the consumer business it's selling, in an interview that will air on Fox News Channel's "Sunday Morning Futures with Maria Bartiromo."

Mr. Frazier said he wouldn't comment on the price of specific bids but said he's "heard higher numbers" than $10 billion.

Mr. Frazier told Ms. Bartiromo that some of the company's areas of focus include diabetes, oncology, vaccines and acute care.

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