Court scraps patent for key Merck drug
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TRENTON, N.J. -- A federal court invalidated the patent yesterday for Merck &amp; Co.'s second-largest-selling drug, the blockbuster osteoporosis treatment Fosamax, in a decision that offers millions of patients hope for a cheaper version sooner, but darkens the company's already clouded outlook.
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Merck &amp; Co.&#39;s decision to pull its Vioxx anti-arthritis drug from the markets due to severe side effects left pharmaceutical sector mixed Thursday.
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A U.S. court dealt a blow to Johnson & Johnson  in its $5.5 billion lawsuit over the sale of Guidant Corp to Boston Scientific Corp , dismissing some claims and only allowing part of the case to proceed.
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Merck & Co.  said on Thursday withdrew its arthritis drug Vioxx globally after a colon cancer trial confirmed long-standing concerns the drug raises the risk of heart attack and stroke.
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A U.S. court dealt a blow to Johnson & Johnson in its $5.5 billion lawsuit over the sale of Guidant Corp to Boston Scientific Corp, dismissing some claims and only allowing part of the case to proceed.
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Medical device maker Medtronic Inc.  lost a patent case over heart stents against rivals Guidant  Corp. and Boston Scientific Corp. on Wednesday, but the company  said it would appeal the decision.
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Merck & Co Inc. MRK.N pulled its  arthritis drug Vioxx off the market on Thursday after a study  showed it doubled the risk of heart attack and stroke. The move  sent the company's shares plunging almost 27 percent and erased  $25 billion of its market value.
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TRENTON, N.J. -- New Jersey's Supreme Court rejected a huge class-action lawsuit against drugmaker Merck & Co. over its withdrawn painkiller Vioxx on Thursday, reversing two previous lower-court decisions.
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A US court revives shareholder lawsuits against drugs giant Merck over the health risks of its  painkiller Vioxx.
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Biotech company ImClone Systems Inc.   IMCL.O said on Monday it had lost a patent decision made by   the U.S. District Court in Manhattan but intended to appeal   against it.
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A federal judge in New Orleans has thrown out a court victory for Merck & Co. , allowing a new, third trial for a widow who claims the company's blockbuster painkiller Vioxx caused her husband's fatal heart attack.
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The companies have lost a court ruling that may result in their paying royalties on an experimental cancer drug to an Israeli research institute.
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Pharmaceutical titan Merck &amp; Co. Inc. yesterday pulled its blockbuster arthritis drug Vioxx off the market, citing safety concerns, thereby triggering a massive selloff in the company&#39;s shares that wiped out nearly US$27-billion of Merck&#39;s market value.
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Biopharma firm ends trials for a promising drug and offloads four commercial products.
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In a major legal victory for Merck &amp; Co. in its massive Vioxx litigation, New Jersey's Supreme Court yesterday rejected a potential class-action lawsuit that could have cost the drug maker up to $18 billion.
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Shares of Merck plunged nearly 27 percent yesterday on news that the pharmaceutical giant was pulling the popular arthritis pain medication Vioxx off the market in the largest drug withdrawal in US history.
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Merck &#38; Co. has decided to stop supplying its drugs to Canadian pharmacies that export the medicines to patients in the United States, the company confirmed Thursday.