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Posts Tagged ‘Merck’

Merck pays $5.4 million for withholding negative information (access required)

by Staff Writer Published: July 15,2009

Tags: Merck

Merck & Co. Inc, Schering-Plough Corp. and a joint venture of the two companies, MSP Singapore Company, have agreed to settle with 35 states, including Colorado, after it delayed the release of negative results from a clinical trial of its cholesterol lowering drug Vytorin. Colorado will receive $100,000 of the $5.4 million the companies have [...] [...]

Merck posts 57 percent profit drop (access required)

by Associated Press Published: April 21,2009

Tags: Merck

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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