Merck Pulls Arthritis Drug Off Market
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Merck & Co Inc. MRK.N on Thursday  pulled its arthritis drug Vioxx off the market after a study  showed it doubled the risk of heart attack and stroke, a move  that sent its shares plunging and erased $25 billion from its  market value.
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Vioxx and other pain-relieving drugs have given many people with chronic pain the chance to resume normal lives. But an increase in heart attacks among users of the popular arthritis drug led the manufacturer to pull it from the market and has cast a shadow over similar medications.
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The arthritis drug Vioxx, used by 2  million people around the world, is being pulled off the market  after a study confirmed longstanding concerns that it raises  the risk of heart attack and stroke, the manufacturer, Merck &  Co. MRK.N, said on Thursday.
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Doctors were bombarded with phone calls from worried patients following the announcement last week that drug manufacturer Merck had pulled its popular arthritis drug, Vioxx, from the market because of safety concerns.
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TRENTON, NJ -- Merck &amp; Co. withdrew best-selling arthritis drug Vioxx on Thursday after a study showed the drug doubled the risk of heart attacks and strokes.
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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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Merck &amp; Co.'s decision to pull its widely prescribed drug Vioxx off the shelves yesterday because of a risk of stroke and heart attacks marked a new low for a pharmaceutical company that has suffered a steady decline in both market position and prestige over the last decade.
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NEW YORK - Should Merck have conducted a bigger trial to test the safety of its arthritis drug Vioxx? Merck (nyse: MRK - news - people ) pulled Vioxx from the market two weeks ago, but questions about the
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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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US drugs giant Merck &amp; Co Inc. should have pulled its Vioxx painkiller from the market four years ago, because data showing it raised the risk of heart attacks has existed since 2000, Swiss scientists said on Friday.
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An arthritis drug should have been taken off the market years before it was finally withdrawn, say researchers.
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Health officials said on Friday they  had dropped plans to keep a public list of prescription drugs  with emerging safety concerns, one of the measures proposed  after Merck & Co.'s 2004 withdrawal of its arthritis drug  Vioxx.
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The arthritis drug Vioxx, used by millions of people around the world, is being pulled off the market after a study confirmed long-standing concerns that it raises the risk of heart attack and stroke, the manufacturer, Merck & Co. , said on Thursday.
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The withdrawal of Merck &amp; Co. Inc.&#39;s arthritis drug Vioxx will make it harder for drug companies to win approval for products aimed at big patient populations as regulators
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NEW YORK - The stunning news Thursday that Merck &amp; Co. is withdrawing its pain reliever Vioxx from the market because of health risks is the latest in a series of blows to what only a few years ago was the
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The $2.3 billion arthritis drug is withdrawn from the market.
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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.