Merck&#39;s Vioxx drug woes weigh on stocks
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NEW YORK - Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck &amp; Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market.
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The recall of Vioxx--an arthritis treatment taken by millions of people--is a disaster for everyone. Of course it&#39;s bad news for Merck (nyse: MRK - news - people), the drug&#39;s maker.
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WHITEHOUSE STATION, NJ - Merck and Co. shares fell more than 10 per cent in trading on the NYSE on Monday amid reports that company documents showed the pharmaceutical firm knew for years about health issues related to its arthritis drug Vioxx.
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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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US stock futures pointed to a slightly lower open on Tuesday as investors take a step back after last week&#39;s three-day rally, with shares of drug maker Merck &amp; Co.
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Drug maker Merck & Co. Inc. MRK.N  dominated trading in U.S. stocks on Thursday, single-handedly  driving the 30-stock Dow Jones average lower after it withdrew  its arthritis drug Vioxx because a study showed it doubled the  risk of heart attack and stroke.
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U.S. blue chips fell on Thursday after  drug company Merck & Co.MRK.N said it was withdrawing its key  arthritis drug Vioxx, while relentless oil prices floated back  to $50 a barrel.
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US blue chips fell on Thursday after drug company Merck &amp; Co.(MRK.N: Quote, Profile, Research) said it was withdrawing its key arthritis drug Vioxx, while relentless oil prices floated back to $50 a barrel.
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Shares of drugmaker Merck & Co. Inc.  traded 1.52 percent higher on volume of more than 61,000 shares in pre-market dealings on Friday, a day after the stock plunged to an eight-year low after the company withdrew its arthritis drug Vioxx.
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Shares of Merck &amp; Co. plunged nearly 27 percent yesterday, pulling other stocks down with it, after the pharmaceutical giant yanked its Vioxx arthritis drug off the market because of heart safety concerns.
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Standard &amp; Poor&#39;s on Monday said it may cut its ratings on Merck &amp; Co Inc.(MRK.N: Quote, Profile, Research) , citing increasing concern about possible litigation relating to Merck&#39;s arthritis drug Vioxx.
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NEW YORK, Sept. 30 -- Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck said it would be forced to remove its best-selling Vioxx arthritis drug from the market. Merck's unexpected bad news left blue chips with a loss for the day, while high-tech stocks got a lift from bargain hunters.
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The withdrawal of painkiller Vioxx means Merck &amp; Co. will miss the already diminished expectations of Wall Street analysts for 2005, the huge drug maker said Wednesday.
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U.S. stocks were knocked lower on  Thursday after drug maker Merck & Co.MRK.N, a member of the  blue-chip Dow, recalled its widely sold Vioxx arthritis drug  and oil resumed its climb to $50 a barrel.
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Shares of Merck & Co. MRK.N fell  about 3 percent before the bell on Tuesday after the drug maker  said federal authorities are investigating circumstances  surrounding its withdrawal of pain-relief medicine Vioxx.
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NEW YORK - Wall Street closed out a dismal third quarter with a mixed performance Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market...
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Shares in Merck, the US pharmaceuticals giant, plunged by almost 27 per cent yesterday after the company withdrew Vioxx, its $2.5bn (Â£1.