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Merck Co Inc

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April 13, 2007 | From Times Wire Reports
A painkiller proposed as a successor to Vioxx should not be approved, a panel of federal health advisors recommended to the FDA. The nonbinding 20-1 vote was on the prescription drug Arcoxia, made by Merck & Co. Inc. A Food and Drug Administration drug safety expert had told the panel the drug might substantially increase the risk of stroke and heart attack and was no more effective for pain relief than other medicines in the same class.
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BUSINESS
March 27, 2007 | From Reuters
Merck & Co. and Schering-Plough Corp. plan to dig more deeply into the lucrative market for cholesterol-lowering drugs by developing a pill that combines their drug Zetia with Lipitor, the world's bestselling medicine. Pfizer Inc.'s U.S. patent on Lipitor is expected to expire as soon as 2010, paving the way for other companies to make generic versions of the blockbuster drug. Pfizer is not involved in the deal.
BUSINESS
March 13, 2007 | From Bloomberg News
Merck & Co.'s Vioxx painkiller helped cause an Idaho mail carrier's heart attack, a New Jersey jury found, ordering the drug maker to pay him and his wife $47.5 million in a retrial of a case the man originally lost. Jurors in Atlantic City imposed actual damages of $20 million and punitive damages of $27.5 million after ruling that Vioxx was partly to blame for Frederick Humeston's 2001 heart attack.
BUSINESS
March 3, 2007 | From Reuters
Jurors in New Jersey found that Merck & Co. failed to provide adequate warnings about health risks tied to its withdrawn arthritis drug Vioxx in one case, but they decided that it gave adequate warning in another in two suits tried simultaneously.
BUSINESS
March 1, 2007 | From Bloomberg News
Merck & Co. raised its earnings forecast for the first quarter on higher demand for new drugs including a cervical cancer vaccine and a diabetes pill. First-quarter profit probably will be 63 cents to 67 cents a share when costs for job cuts and plant closings are excluded, said Whitehouse Station, N.J.-based Merck. The forecast beat the average estimate of 59 cents a share, excluding restructuring costs, of analysts surveyed by Bloomberg.
BUSINESS
February 21, 2007 | From Times Staff Reports and the Associated Press
Merck & Co., bowing to pressure from parents and medical groups, is immediately suspending its lobbying campaign to persuade state legislatures to mandate that adolescent girls get the company's new vaccine against cervical cancer as a requirement for school attendance. The drug maker, which announced the change Tuesday, had been criticized for quietly funding the campaign, via a third party, to require that 11- and 12-year-old girls get the three-dose vaccine in order to attend school.
BUSINESS
February 14, 2007 | From Reuters
The Food and Drug Administration said it was notifying healthcare providers and consumers about reports of about 28 cases of infants suffering a serious bowel condition after receiving Merck & Co.'s new vaccine against rotavirus. The FDA said it was not clear how many of the 28 reported cases were caused by the vaccine. It said the condition, known as intussusception, can occur in the absence of vaccination.
BUSINESS
January 31, 2007 | From Bloomberg News
Merck & Co.'s profit fell as generic competition eroded sales of its top-selling cholesterol pill Zocor, and Wyeth reported a fifth straight earnings increase on demand for new arthritis and pneumonia treatments. Merck, the third-largest U.S. drug maker, said Tuesday that net income dropped 58% in the fourth quarter, partly because of costs for acquiring a gene technology that won a Nobel Prize last year. Madison, N.J.
BUSINESS
December 28, 2006 | From Bloomberg News
U.S. regulators cleared six more companies to sell generic copies of Merck & Co.'s cholesterol drug Zocor, signaling steeper price reductions. The approvals posted on the Food and Drug Administration's website Wednesday are in addition to those granted to Israel's Teva Pharmaceutical Industries Ltd. and Ranbaxy Laboratories Ltd. of India in June, when Merck's patents expired.
BUSINESS
December 22, 2006 | From the Associated Press
A judge in a Texas widow's lawsuit over the Merck & Co. drug Vioxx on Thursday reduced a $32-million jury award to $8.7 million so that it conformed to state law. A state jury in April found Merck liable for the 2001 death of Leonel Garza, a 71-year-old man who had a fatal heart attack within a month of taking the since-withdrawn painkiller.
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