Merck & Co. Stories
Healthcare reform may not be toxic to drugmakers
(Reuters) - U.S. healthcare reform spawned a wave of lowered profit forecasts this week as drugmakers quantified the costs, but the pain should be manageable until the new law starts helping results in 2014.
Wall Street hits 19-month high on healthcare, energy
U.S. stocks rose to a 19-month high on Friday as Merck eased concerns about the impact of healthcare reform, saying its costs will be relatively low.
Wall Street edges up, led by healthcare, energy
U.S. stocks rose on Friday as news from Merck soothed worries about the corporate cost of healthcare reform and energy shares were boosted by higher oil prices.
Dow, S&P rise modestly, led by healthcare, energy
The Dow and S&P 500 edged higher on Friday, led by gains in energy and healthcare stocks.
Wall Street rises, takes healthcare bill in stride
Stocks rose on Monday, helped by gains in the healthcare sector as passage of a bill to overhaul the system eased uncertainty for investors.
Ex-Schering-Plough execs take reins at Bausch
Two former top executives of drugmaker Schering-Plough Corp were named on Monday as new leaders of privately owned eye-care company Bausch & Lomb.
Judge rules, arthritis drug Vioxx ‘not fit for sale’
A federal court judge, Justice Christopher Jessup has ruled that the popular anti-arthritis drug Vioxx doubled the risk of heart attacks and was not fit for sale.
Wall St flat as White House pushes regulation
U.S. stocks lost gains and were trading little changed on Wednesday as the White House stepped up its efforts to overhaul healthcare and bank regulation, sparking concerns about the potential impact on profits in those sectors.
Astra unties part of U.S. Merck deal for $647 mln
AstraZeneca Said on Monday it was exercising an option with Merck & Co to take back full rights to certain drugs marketed in the United States and would pay the U.S. group $647 million in April.
World stocks rise, euro keep gains after rally
World stocks rose on Wednesday and the euro kept the previous day's sharp gains as strong earnings from both sides of the Atlantic shifted focus away from concerns about the euro zone debt crisis.
Earnings, economic optimism boost Wall Street
U.S. stocks posted their biggest daily percentage gain in three months on Tuesday after strong revenue from drugmaker Merck and regional manufacturing data instilled confidence in the economic outlook.
Market gains with commodity shares, earnings
U.S. stocks jumped on Tuesday as commodity-related shares rose with a slump in the dollar and the latest batch of corporate earnings improved the profit outlook.
Wall Street rises on solid earnings results, data
Stocks gained on Tuesday as corporate earnings and a solid jump in manufacturing data fueled investors' optimism on their return from a 3-day holiday.
Merck profit meets views, sees deal savings ahead
Merck & Co posted quarterly revenue ahead of analysts' estimates on Tuesday, and stuck by its financial goals from its recently completed merger with rival drugmaker Schering-Plough Corp.
Experts say 40 percent of cancers could be prevented
A report by the Geneva-based International Union Against Cancer (UICC) highlighted nine infections that can lead to cancer and urged health officials to drive home the importance of vaccines and lifestyle changes in fighting the disease.
HIV/AIDS drug puzzle cracked
British and U.S. researchers said they had grown a crystal that enabled them to see the structure of an enzyme called integrase, which is found in retroviruses like HIV and is a target for some of the newest HIV medicines.
Wall Street rallies on close Massachusetts race
Stocks rose broadly on Tuesday as investors scooped up healthcare shares on bets that a potential Republican victory in Massachusetts' Senate race could stall U.S. President Barack Obama's reforms and remove a threat to profits in the sector.
Stocks advance on healthcare and McDonald's
U.S. stocks rose on Tuesday as investors bet that a Senate race in Massachusetts could put President Obama's reform plans, especially those on healthcare, in jeopardy.
Stocks gain, led by healthcare and McDonald's
U.S. stocks rose on Tuesday as investors bet that a Senate race in Massachusetts could put President Obama's reform plans, especially those on healthcare, in jeopardy.
Tech and financials lift Wall Street
U.S. stocks rose on Wednesday as investors bet on recently weakened technology and financial shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co , taking the Dow industrials to a fresh 15-month high.
Tech and financials lead Wall St higher
U.S. stocks rose on Wednesday as investors bought financial and technology shares ahead of earnings from bellwethers Intel Corp and JPMorgan Chase & Co later this week.
Wall Street lifted by tech and financial shares
Stocks extended gains on Wednesday as investors scooped up financial and technology shares, and Merck & Co benefited from a brokerage upgrade.
Wall Street rises on Merck upgrade, Kraft outlook
Stocks rose on Wednesday, shrugging off earlier losses, after Kraft raised its outlook and a brokerage upgraded Merck & Co. in welcome signs about future earnings.
Markets edge higher on Merck upgrade, Kraft outlook
U.S. stocks rose on Wednesday, lifted by a broker's upgrade of Merck & Co and a higher profit outlook from Kraft Foods Inc.
Sanofi to buy U.S. group Chattem for $1.9 billion
Sanofi-Aventis is to buy U.S. consumer healthcare group Chattem Inc for around $1.9 billion, in a deal which will give the French drugmaker over-the-counter presence in the huge United States market.
Osteoporosis meds may cut breast cancer risk: study
Women who took a commonly used class of osteoporosis drugs called bisphosphonates had significantly fewer invasive breast cancers than women not using the bone-strengthening pills, according to a new analysis of data from the Women's Health Initiative (WHI).
Vioxx risks could have been detected earlier: study
Heart risks from taking Merck & Co Inc's painkiller Vioxx could have been detected more than three years before the company withdrew the drug from the market in September 2004, had the data been openly available, U.S. researchers said on Monday.
Merck takeover of Schering-Plough wins EU approval
U.S. drugmaker Merck & Co Inc's $41.1 billion takeover of smaller rival Schering-Plough Corp won approval from European Union antitrust regulators on Friday.
Cost cuts at Big Pharma fail to excite
Cost cuts helped drugmakers shore up profits in the third quarter, but concerns over sustainable revenue growth continues to worry investors.
Merck beats profit forecasts, helped by cost cuts
Merck & Co , slated to acquire Schering-Plough Corp later this year, reported better-than-expected earnings due to cost controls and strong sales of its diabetes and HIV treatments.