Merck report absolves managers on Vioxx
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Merck &amp; Co.'s board of directors said Wednesday that a 20-month investigation funded by the pharmaceutical company found that senior management acted responsibly in its development and marketing of its now withdrawn pain reliever Vioxx.
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Merck &amp; Co. withdrew its Vioxx painkiller, which generated $2.5 billion in sales last year, because of a link to heart attacks and strokes.
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Merck & Co. Inc. has adopted a severance benefits plan aimed at protecting key managers in the event the company is taken over -- a growing possibility since the withdrawal of arthritis drug Vioxx sent shares tumbling.
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Shares of Merck &amp; Co. plunged more than 7 percent Monday after a media report said that documents show the pharmaceutical giant hid or denied evidence for years that its blockbuster arthritis drug Vioxx cause heart problems.
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BOSTON (CBS.MW) -- Merck &amp; Co. shares fell more than 10 percent Monday on a news report that the company may have known for years that Vioxx, the pain reliever it recently withdrew from the market, could cause cardiac problems in some patients.
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Merck & Co. Inc. MRK.N, whose shares  have tumbled since the withdrawal of its blockbuster arthritis  drug Vioxx, said on Monday it has adopted a severance benefits  plan aimed at protecting key managers in the event the company  is taken over or liquidated.
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SOME of the biggest companies in the drug industry are shivering under an avalanche of bad news. Merck has already been hit hard by the withdrawal of Vioxx, its arthritis drug.
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Raymond Gilmartin, chief executive of Merck, will testify before a Senate committee this week on the withdrawal of Vioxx, in spite of efforts by the drug company to send others in his place.
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NEW YORK, November 30  - Merck &amp; Co (MRK.NYS) has adopted a new compensation plan aimed at retaining its senior management officials in case of a possible takeover.
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Merck (nyse: MRK - news - people ) will conduct its annual analyst meeting tomorrow. The drug company is expected to provide information regarding liabilities for potential Vioxx-related lawsuits.
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Merck&#39;s (MRK:NYSE - news - research) withdrawn painkiller, Vioxx, could soon leave pharmacy benefit manager (PBM) Medco (MHS:NYSE - news - research) with its own headaches.
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WHITEHOUSE STATION, NJ - Shares of Merck &amp; Co. plunged nearly 10 percent Monday after a media report said documents show the pharmaceutical giant hid or denied evidence for years that its blockbuster arthritis drug Vioxx causes heart problems.
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Merck &amp; Co., Inc., knew of problems with its blockbuster painkiller Vioxx long before the drug was pulled from the market in September due to newer studies that linked the medication to an increased risk of heart attack and stroke, the Wall Street Journal
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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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WASHINGTON : Drugs giant Merck and Co.&#39;s shares slumped after the firm revealed civil and criminal investigations into the sale of its pain drug Vioxx.
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BOSTON (CBS.MW) - Shares of Merck and rivals Pfizer and Novartis all closed higher Friday, the day after Merck announced that it was abruptly pulling its hugely popular anti-inflammatory drug Vioxx from the market due to safety concerns.
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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.