Merck hit by $36bn backlash
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A GLOBAL drugs recall caused a $US26.5 billion ($A36.5 billion) wipeout for US giant Merck &amp; Co yesterday. Merck&#39;s loss was the equivalent of the entire Commonwealth Bank, which has a similar market capitalisation
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Shares of Merck and Co. plunged almost nine per cent Monday after a media report said that documents show the pharmaceutical giant hid or denied evidence for years that its blockbuster
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Thailand's top pharmaceutical group slammed the government's decision to allow generic versions of AIDS and heart drugs, saying it damaged the nation's image in the global business community.
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Merck posted a $1.63 billion fourth-quarter loss on Wednesday as  charges for its Vioxx litigation settlement dragged down results and share prices.
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By Rosie Murray-West, City Correspondent (Filed: 01/10/2004). US pharmaceutical giant Merck lost about a quarter of its value yesterday after it pulled arthritis drug Vioxx owing to concerns over heart attacks as a side-effect.
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Merck and Schering report bad news, but how much will it affect sales?
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Merck &amp; Co. shares fell as much as 7 percent to their lowest level in more than eight years after the Wall Street Journal said the drugmaker tried for years to stop safety concerns from hurting sales of its Vioxx painkiller.
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MERCK faces a fresh barrage of lawsuits over its Vioxx arthritis drug that together could cost it as much as $18 billion (Â£9.8 billion) as hundreds of lawyers from across America will next week team up for a combined attack on the embattled drug
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Its products have relieved pain and suffering, and prolonged life for hundreds of millions of consumers. If you&#39;ve been following the Vioxx &quot;scandal,&quot; Merck is now in the cross-hairs of plaintiffs&#39; attorneys, politicians and certain elements of the FDA.
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PATIENTS would pay less for prescription medicine in a surprise move by Labor leader Mark Latham. Labor is also proposing to double the maternity immunisation allowance to $427 as an extra incentive for parents to vaccinate their children.
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NEW YORK - The withdrawal of the arthritis drug Vioxx two weeks ago was a disaster for Merck. But it also put rival Pfizer in a fix.
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This article was reported and written by Alex Berenson, Gardiner Harris, Barry Meier and Andrew Pollack. In May 2000, executives at Merck, the pharmaceutical giant under siege for its
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When news broke Sept. 30 that Merck pulled its blockbuster anti-inflammatory pain reliever Vioxx, a collective sigh was heard across the nation.
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NEW YORK - As Wall Street sifts through more than 300 third-quarter earnings reports this week, technology and pharmaceutical stocks will be getting some of the closest scrutiny.    The focus on drug companies results from a recent spate of bad news about Merck & Co...
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Merck &amp; Co. said it&#39;s withdrawing its Vioxx painkiller, which generated $2.5 billion in worldwide sales last year, because of data showing an increased risk of heart attack and stroke.
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Merck, the beleaguered US pharmaceuticals group, could be forced to pay out as much as $18bn (Â£9.7bn) over 10 years as a result of lawsuits linked to Vioxx, its controversial arthritis drug.
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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.