S&amp;P Takes Ax to Merck
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The last vestige of Merck&#39;s (MRK:NYSE - news - research) once-pristine credit was dispatched with Tuesday when Standard &amp; Poor&#39;s cut its long-term debt rating by three notches to double-A-minus from triple-A.
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The Toronto stock market posted a small gain today, pushed higher by the gold sector, but drug company Merck &amp; Co. took the Dow Jones industrial average into the red after taking its arthritis drug Vioxx off the market.
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NEW YORK - Investors sent stocks mostly lower Thursday after Merck & Co. said it would be forced to remove its best-selling Vioxx arthritis drug from the market due to serious health risks...
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The withdrawal of Vioxx by competitor Merck has given Pfizer&#39;s two top arthritis drugs a huge share of the world market. But some of the same issues that forced the Vioxx withdrawal still swirl around Pfizer&#39;s Celebrex and Bextra.
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Drug maker Merck &amp; Co. Inc. (MRK.N: Quote, Profile, Research) dominated trading in US stocks on Thursday, single-handedly driving the 30-stock Dow Jones average lower
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Merck and Co  on Wednesday reported a fourth-quarter loss due to charges from a costly settlement related to its withdrawn Vioxx arthritis drug, but results soundly beat Wall Street forecasts and lifted its shares 2 percent.
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German drugs and chemicals group  Merck KGaA sold its worldwide electronic chemicals business to  BASF for 270 million euros ($352 million), the two companies  said on Friday.
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By Sharon Smyth  Merck, the German pharmaceutical company that failed to buy a rival, Schering, this year, agreed to buy the stake owned by the billionaire Ernesto Bertarelli in Serono to obtain control of the largest biotechnology company in Europe.
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Merck &amp; 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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Drugmaker Merck &amp; Co., under financial siege since pulling its top painkiller Vioxx off the market in September, said Monday it has adopted a plan that
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Merck &amp; Co. Inc. (MRK.N: Quote, Profile, Research) , whose shares have tumbled since the withdrawal of its blockbuster arthritis drug Vioxx, said on Monday it has adopted a severance benefits
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YESTERDAY Close $54.64 Change +$1.53 52-WEEK High $55.14 Low $42.29 Merck &amp; Co., the third-largest US drug maker, reported a 63 percent increase in earnings and raised its forecast for the year after a vaccine for cervical cancer and a new pill for diabetes drove sales higher.
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German drugmaker Merck MRCG.DE on   Thursday agreed to buy a 64.5 percent stake in rival Serono   SEO.VX in a surprise deal valued over 10 billion Swiss francs   ($8.3 billion), creating a new force in European   pharmaceuticals.
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The pharmaceutical firm Merck faces a new class-action lawsuit in Canada, filed on behalf of two people who suffered heart attacks after taking the company's pain medication Vioxx, which was taken off the market worldwide because of such risks, plaintiffs' lawyers said.
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The withdrawal of painkiller Vioxx will reduce 2005 earnings of Merck &amp; Co. Inc. to between $2.42 and $2.52 a share, below the already diminished expectations of Wall Street analysts, the huge drug maker said Wednesday.
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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 & 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.