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Merck posts 57 percent profit drop (access required)

by Associated Press

Published: April 21,2009

Time posted: 1:18 pm

Tags: Merck

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TRENTON, N.J. (AP) - Drugmaker Merck & Co. on Tuesday posted a 57 percent drop in first-quarter profit, falling short of expectations and sending its stock down, as the global recession and other factors cut sales of its drugs and joint venture income.Last year's quarter also benefited from a one-time pretax gain of $2.2 billion ...





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