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was clear and overwhelming in 2000 that Vioxx doubled the rate of heart attacks and that Merck & Co. Inc. should have withdrawn the drug four years ago.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.
August 13, 2011 |
Some veteran Merck employees, including those in West Point and Upper Gwynedd, had a decision to make Friday that will affect employment for themselves and colleagues with the global pharmaceutical manufacturer. A union official said Friday was the deadline for filing papers to accept early-retirement packages offered by the company, which recently said it was going to cut 13,000 jobs across the company by 2015. "If they get their number, then maybe not, but if they don't get their number, there might be layoffs," said Dan Bangert, plant chairman of United Steelworkers Union Local 10-00086.
November 4, 2012 |
Merck & Co. Inc., which made the controversial arthritis painkiller Vioxx, just settled an unusual class-action lawsuit involving Missouri residents who sued on consumer-fraud grounds without having shown that they incurred physical harm. The economic argument was that Vioxx did not provide what Merck claimed it would. Vioxx was on the market from 1999 until it was withdrawn in 2004 because previously hidden clinical trials showed that it caused increased risk of heart attacks. Merck has large operations in the Philadelphia region.
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.