December 1, 2010 |
Kenneth C. Frazier, the son of a North Philadelphia janitor, was named Tuesday to lead Merck & Co. Inc., the nation's second-largest drug manufacturer. Frazier, 55, of Upper Makefield, will become Merck's chief executive officer and a member of the board on Jan. 1. He will retain his current title of president. He will succeed Richard T. Clark as chief executive; Clark will remain as chairman of the board. Under Merck's mandatory retirement policy, Clark, 64, was scheduled to step down as chief executive next year.
September 18, 2011 |
Drug ads with scary-sounding side effects have regularly appeared on TV since 1995, but rarely has a major pharmaceutical company played such an unscripted, prime-time role as Merck did Monday night - a moment that put the klieg lights on corporate political contributions. Minnesota Rep. Michele Bachmann attacked fellow Republican presidential candidate Rick Perry during the GOP debate over the Texas governor's 2007 decision to have young girls inoculated against a virus that can contribute to cervical cancer.
July 18, 1997 |
Shares of Merck & Co. Inc. rose more than 8 percent yesterday after the Whitehouse Station, N.J., pharmaceutical company announced better-than-expected profits for the second quarter. Investors also were encouraged that Merck's cholesterol-lowering drug Zocor was holding up against intense competition, although the rate by which it is growing is slowing. Even so, the number of patients taking the drug has doubled to almost 7 million worldwide, the company said. Net income rose 19 percent to $1.15 billion, or 96 cents a share, beating the average estimate of 95 cents a share from a survey of 30 analysts.
November 5, 2004 |
Swiss researchers are reporting today in an international medical journal that evidence was clear and overwhelming in 2000 that Vioxx doubled the rate of heart attacks and that Merck & Co. Inc. should have withdrawn the drug four years ago. The analysis, by Peter Juni and colleagues at the University of Berne, looked at results from 18 Vioxx studies, all sponsored by Merck, which showed that 41 patients out of about 11,000 Vioxx users had suffered...
November 11, 1990 |
The nine new buildings that Merck & Co. plan to construct in Upper Gwynedd by the year 2000 would mean many more cars coming into town. The company's plans include 3,000 parking spaces to accommodate those cars. Representatives of the pharmaceutical firm made the disclosure Thursday to the Township Board of Commissioners. The meeting, attended by about 20 residents, was an informational presentation that the board requested after residents raised concerns about the scope of the expansion and the impact it would have on the surrounding community.
April 27, 2011 |
WASHINGTON - Federal health experts are recommending approval for a highly anticipated drug from Merck to treat hepatitis C, based on studies showing that it cures patients at a higher rate than drugs used for over 20 years. A Food and Drug Administration panel of experts voted unanimously, 18-0, in favor of Merck's boceprevir tablet as an effective treatment for hepatitis C, which affects an estimated 3.2 million Americans. The agency is not required to follow the group's recommendation, though it usually does.
April 28, 2012 |
Merck & Co. Inc. reported a 67 percent profit increase Friday for the first quarter of this year compared with the same period in 2011, but the number was helped by cost-cutting and absence of a big charge from a year ago. The global drugmaker, which is based in Whitehouse Station, N.J., and has big operations in the Philadelphia suburbs, got the profit increase in part by spending less. "We're trying to manage our cost structure going forward," Merck chief executive officer Ken Frazier said in a conference call with Wall Street analysts.
January 3, 2008 |
Top executives of PRWT Services Inc. were on hand at a Merck & Co. Inc. manufacturing plant in central Pennsylvania on New Year's Eve, shaking hands and greeting workers. The Philadelphia firm, which handles customer service for the Philadelphia Parking Authority and two others nationwide, had just branched out and taken over a giant pharmaceutical plant. The move, set to be celebrated by a ribbon-cutting ceremony tomorrow, created what its leaders called the nation's first minority-owned drug manufacturer.
October 31, 1996 |
Merck & Co., the chemical giant that employs about 5,800 people here, will be adding one more worker amenity to its array of volleyball courts, softball fields and jogging trails: day care. The township Board of Commissioners unanimously approved a 20,000-square-foot day-care center Monday night. The one-story facility will be built at the company's South Street and Sumneytown Pike property. Groundbreaking is scheduled for next month, and the facility may be open by late 1997, said Merck spokeswoman Tracy Patane.
August 27, 2003 |
John E. Baer, 86, of Lansdale, a pharmacologist and retired executive with what is now Merck & Co. Inc. who helped develop a groundbreaking series of drugs in the treatment of hypertension, died of respiratory failure Aug. 17 at Brittany Pointe Estates. Mr. Baer and three colleagues at what was then the Merck, Sharp & Dohme pharmaceutical company worked together in the early 1970s to develop thiazide diuretics. The medications control high blood pressure and prevent the accumulation of body fluid, often associated with heart disease.