US STOCKS-Futures slip on caution ahead of Q2 growth data
2010-07-30 07:59:18
Keywords: United States of America,Equities,Market Reports,Semiconductors,Semiconductor equipment and products,Commercial services and supplies (industry group),Industrial machinery,Machinery,Software,Computer Software,Integrated oil and gas,Energy and Resources,Fo
Quote: * Drugmaker Merck & Co (MRK.N) reported second-quarter
earnings of 86 cents per share, above Wall Street's consensus
forecast of 83 cents a share. Insurance brokerage Aon Corp.
(AON.N) also posted results ahead of the average analyst
estimate. * Oil company Chevron Corp (CVX.N) is expected to post
results later on Friday. * MetLife Inc (MET.N), the biggest U.S. life insurance
company, reported a second-quarter profit of $1.53 billion late
Thursday, helped by higher revenue from sales domesti...
Read articleIndications: Stock futures fall ahead of U.S. GDP report
2010-07-30 07:59:17
Keywords: Markets|U.S. & Canada, DJIA, Dow Jones Industrial Average, SXXP, STOXX Europe 600 Index, MRK, Merck & Co Inc, ALU, Alcatel Lucent SA, ALU, Alcatel Lucent SA, CVX, Chevron Corp, PEG, Public Service Enterprise Group Inc, DIS, Walt Disney Co, TOT, To
Quote: Eastern, to be followed by data on July consumer sentiment.On the corporate front, pharmaceutical giant Merck Co./quotes/comstock/13*!mrk/quotes/nls/mrk(MRK35.06,+0.32,+0.92%) said its second-quarter net profit fell 51% to $752.4 million, or 24 cents a share.U.S.-listed shares of Alcatel-Lucent/quotes/comstock/13*!alu/quotes/nls/alu(ALU2.60,-0.09,-3.35%)/quotes/comstock/24s!e:alu(FR:ALU2.24,+0.18,+8.51%)See more on Alcatel-Lucent.Oil major Chevron Corp./quotes/comstock/13*!cvx/quotes/nls/cvx(CVX...
Read articleMerck Guides In Line With Estimates
2010-07-30 07:59:16
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Andrea Tse ,Drugs
Quote: NEW YORK (TheStreet) -- Merck(MRK) providedfull-year earnings guidance in the range of $3.29 to $3.39 a share, excluding certain items, and reaffirmed its target of high single-digit comparable earnings per share compound annual growth rate from 2009 to 2013, after topping consensus estimates for the second quarter.Analysts, on average, expect full-year earnings of $3.37 a share on revenue of $45.69 billion.Merck reported second-quarter earnings of $752.4 million, or 24 cents a share, vs. $1.56 ...
Read articleStock Futures Focus on GDP
2010-07-30 07:59:15
Quote: Merck was down 0.9% premarket after saying its second-quarter net profit fell 51% to $752.4 million, or 24 cents a share. Alcatel-Lucent rallied 12% in pre-market trade, as the telecoms-equipment giant reported in-line underlying earnings for the second quarter and forecast a stronger second half. ChevronPublic Service Enterprise Group will also report quarterly results before the market opens. Total said second-quarter net profit soared 43% and expressed confidence about the second half of the ...
Read articleEarnings Preview: Merck to report 2Q results
2010-07-29 01:28:46
Keywords: Earnings Preview: Merck to report 2Q results, jnj,mrk,sgp, earnings
Quote: (AP) -- Merck & Co., a Dow component and the world's second-biggest drug company by revenue, likely will focus on current cost-cutting and future drugs when it reports its second-quarter results before the stock market opens Friday.WHAT TO WATCH FOR: Top issues will include Merck's emerging markets strategy, an update on drugs in development and progress in its continuing integration of Schering-Plough Corp., which Merck bought for $41 billion last November.Three weeks ago, Merck identified 16 f...
Read articleMylan 2Q net income falls 11 percent on charges
2010-07-29 01:28:44
Keywords: Mylan 2Q net income falls 11 percent on charges, mrk,myl, earnings
Quote: It moved into Europe, Africa, the Middle East and the Asia-Pacific region by buying Merck KGaA's generics unit. In 2009 Mylan bought the rest of Matrix.Looking ahead the company said it expects net income between $1.55 and $1.65 per share, narrowed from prior guidance of $1.50 to $1.70 per share. It lowered revenue guidance, though, to between $5.4 billion and $5.6 billion from prior guidance of $5.45 billion to $5.75 billion. Analysts expect net income of $1.34 per share on revenue of $5.5 bill...
Read articleUPDATE - Merck ties with Sinopharm to boost China presence
2010-07-28 08:18:34
Keywords: Pharmaceuticals - diversified,Pharmaceuticals (sub-industry),United States of America,Pharmaceuticals - generic and speciality,Emerging countries,Hong Kong,Asia,Healthcare,Pharmaceuticals and biotechnology,China,Financials,Company News item,Economic news,
Quote: Tue Jul 27, 2010 8:44am EDT
* Deal to focus on cervical cancer, other vaccines * Potential to expand to other Merck productsNEW YORK July 27 (Reuters) - Merck & Co (MRK.N) said on
Tuesday it struck a deal with Sinopharm Group Co Ltd (1099.HK)
to market the U.S. drugmaker's cervical cancer vaccine and
other vaccines in China, as the pharmaceutical industry seeks
greater inroads in Asia. The alliance, for which terms were not announced, is the
first such deal Merck has struck to expand its Ch...
Read articleSanofi-aventis and Merck Appoint Raul Kohan as CEO for the New Animal Health Joint Venture
2010-07-28 08:18:34
Keywords: Sanofi-aventis and Merck Appoint Raul Kohan as CEO for the New Animal Health Joint Venture, mrk,san.pa,sny
Quote: Kohan is currently President of Intervet/Schering-Plough, Merck'sAnimal Health business. He will commence his new responsibilities whenthe new joint venture is approved by regulatory authorities and closes,which is expected to occur in the first quarter of 2011. The formationof this new animal health joint venture is subject to execution of finalagreements, antitrust review in the United States, Europe and othercountries, as well as other customary closing conditions.“Raul Kohan will head ...
Read articleMerck pairs up with Chinese drugmaker Sinopharm
2010-07-28 08:18:33
Keywords: Merck pairs up with Chinese drugmaker Sinopharm, mrk
Quote: (AP) -- Merck & Co. said Tuesday it will team up with Sinopharm, a huge Chinese distributor and maker of pharmaceutical and other health products, to market vaccines and potentially other drugs.In its latest move to expand in emerging markets, Merck will form a joint venture with Sinopharm, cooperating on vaccines for diseases such as human papillomavirus in China. Human papillomavirus, or HPV, is a sexually transmitted disease that causes most cases of cervical cancer. Merck makes Gardasil, one...
Read articleMerck Announces Fourth-Quarter 2010 Dividend
2010-07-28 08:18:31
Keywords: Merck Announces Fourth-Quarter 2010 Dividend, mrk
Quote: WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--At their meeting today, the Board of Directors of Merck & Co., Inc.declared a quarterly dividend of $0.38 per share on the company’s commonstock for the fourth quarter of 2010. Payment will be made on Oct. 7,2010 to common stockholders of record at the close of business on Sept.15, 2010.About Merckwww.merck.com.Forward Looking StatementThis news release includes “forward-looking statements†within themeaning of the safe harbor provisi...
Read articleDayton consulting firm Rucks Group wins $200K deal from Ohio
2010-07-27 05:45:59
Quote: It has worked with for-profit organizations such as New Jersey-based pharmaceutical maker Merck & Co.Inc. (NYSE:MRK) and nonprofits such as Day-mont Behaviorial Health Care Inc. in Dayton, Rucks said. The company has also done work for Wright-Patterson Air Force Base and Sinclair Community College.Rucks hopes the state contract becomes a springboard for more work and will allow her to hire employees.She started the company about two years ago.E-mail jcogliano@bizjournals.com. Call (937) 528-...
Read articleThinking Genzyme, Are Pharma Deals Worth It?
2010-07-27 05:45:58
Quote: Still, here is a roster of the biotech takeovers from best to worst in terms of share-price gains:
Merck bought biotech and consumer health concern Schering-Plough in November 2009 for $49.6 billion. Merck has bragged about how much Schering-Plough has boosted the company’s pipeline of promising treatments, but the news hasn’t been all rosy. To hit its promised cost-cutting goals, Merck recently announced it would cut about 15% of its 100,000-person work force by the end of 2012 and phase ou...
Read articleMedco 2Q profit rises, but stock hits 52-week low
2010-07-23 06:34:16
Keywords: Medco 2Q profit rises, but stock hits 52-week low, esrx,mhs,mrk, earnings
Quote: They stock lost $2.22, or 4.9 percent, to $42.99.The second-quarter profit include a charge of 6 cents per share related to Medco's spinoff from Merck & Co. in 2003. Also included is a gain of 3 cents per share from the settlement of a class action lawsuit antitrust suit. Medco said the lawsuit was filed by companies who directly purchased an unidentified drug.Looking ahead, Medco expects its annual profit will reach the high end of its previous forecast. It now expects to earn $3.34 to $3.39 pe...
Read articleGood cholesterol may mean little for statin users
2010-07-22 04:40:56
Keywords: Commercial services and supplies (industry group),Industrial machinery,Machinery,Canada,Pharmaceuticals - diversified,Pharmaceuticals (sub-industry),United States of America,Switzerland,Western Europe,Europe,Biotechnology,Healthcare,Pharmaceuticals and bi
Quote: Merck & Co (MRK.N) and Roche
(ROG.VX) are still developing CETP inhibitors. Current drugs that raise natural levels of HDL, such as
niacin, cause unpleasant side effects such as flushing. NO DIFFERENCE In the original study, called JUPITER, patients with
average to low levels of low-density lipoprotein or LDL were
given Crestor or rosuvastatin, which cut their bad cholesterol
concentrations to levels seen in Aboriginal populations but
rarely seen in Western patients. People in the study who ...
Read articleRoche Profit Up on Genentech Synergies
2010-07-22 04:40:55
Keywords: Mergers & Acquisitions, Investment Banking, I PO, I.P.O.s, IPOs, Offerings, Private Equity, Hedge Funds, Venture Capital, Legal, The New York Times, Andrew Ross Sorkin, Andrew Sorkin, DealBook, deal maker, Wall street, wall st., Goldman Sachs, Goldman Sa
Quote: GenentechRoche said Thursday that its profits for the first half of this year had risen by 37 percent from the same period a year before as exceptional costs associated with the merger had fallen.
Net profit for the half rose to 5.56 billion Swiss francs ($5.3 billion) from 4.05 billion francs the year before, the company said in a statement.
PfizerWyethMerck’s deal for Schering-Plough.
The Roche pharmaceutical division’s operating profit rose 7 percent to 8 billion francs for the ...
Read articleJ&J posts higher 2Q net income despite recalls
2010-07-21 09:10:12
Keywords: J&J posts higher 2Q net income despite recalls, jnj,mrk, earnings
Quote: "Are people switching over to other antibiotics that are (cheap) generics?"The company's eight recalls since last September of nonprescription pain relievers, allergy medicine and other drugs involved products made in Puerto Rico or at a McNeil Consumer Healthcare factory in Fort Washington, Pa., that was shut down in April and will stay closed until at least next summer.Food and Drug Administration inspections also uncovered problems at a McNeil factory in Las Piedras, Puerto Rico, and, more re...
Read articleAIDS Takes the World Stage
2010-07-20 04:34:48
Keywords: aids,hiv,big pharma,world health organization,aids conference,aids conference vienna,hiv therapy,glaxosmithkline,pfizer,aids treatment,merck,isentress,abbott laboratories,kaletra,aids drugs,gilead sciences,viread,truvada,atripla,bristol myers squibb,
Quote: In presentations already made at the conference, data released showed Merck'sMRK) drug Isentress combined with Abbott Laboratories'ABT) Kaletra suppressed the virus as successfully as older drugs by Gilead.The study compared Isentress and Truvada, when combined with Kaletra, in the treatment of 206 patients who hadn’t taken any other drugs for the virus. Among patients taking Isentress, 83% had undetectable virus levels at 48 weeks, compared with 85% of those on Truvada."The 48-week P...
Read articleUPDATE - J&J plant in Merck venture cited by U.S. FDA
2010-07-20 04:34:48
Keywords: Regulation and enforcement,Pharmaceuticals (sub-industry),United States of America,Health and medicine,Pharmaceuticals - diversified,Healthcare,Pharmaceuticals and biotechnology,Washington / US Government News,Business activities,General News,Nature Socie
Quote: Mon Jul 19, 2010 1:08pm EDT
* Follows inspection of Lancaster, Pennsylvania plant * Latest blow for J&J after recalls * J&J, Merck shares little changed(Adds FDA comment) By Lewis Krauskopf and Ransdell Pierson NEW YORK, July 19 (Reuters) - Johnson & Johnson (JNJ.N) has
been cited by U.S. regulators for problems at a plant that is
part of a consumer medicines joint venture with Merck & Co Inc
(MRK.N), in a fresh blow to its manufacturing operations. J&J confirmed on Monday t...
Read articleAnother J&J drugmaking plant under FDA scrutiny
2010-07-19 02:45:39
Keywords: Johnson & Johnson, Food and Drug Administration, FDA, recalls, over the counter drugs, McNeil Consumer Healthcare, Tylenol
Quote: However, Johnson & Johnson confirmed that the company has received it.JNJFortune 500MRKFortune 500) formed to develop and market over-the-counter drugs derived from Merck's prescription medicines. The unit makes non-prescription products such as heartburn relievers Mylanta and Pepcid and multi-symptom relief drug Imodium."JJ/MCP takes the issues raised by the agency seriously and is fully committed to addressing their concerns as rapidly as possible," the companies said in a statem...
Read articleGilead dominates HIV/AIDS drugs market
2010-07-19 02:45:38
Keywords: Pharmaceuticals (sub-industry),Austria,Western Europe,Europe,United States of America,Pharmaceuticals - diversified,United Kingdom,Health and medicine,Africa,Emerging countries,Asia,Biotechnology,Chemicals,Healthcare,Central and Eastern Europe,Company New
Quote: approval TruvadaGilead (GILD.O)$2.49 bln2004 AtriplaGilead/Bristol$2.38 bln2006 ReyatazBristol-Myers (BMY.N) $1.40 bln2003 KaletraAbbott Labs (ABT.N)$1.37 bln2000 EpzicomViiV$855 mln2004 IsentressMerck (MRK.N)$752 mln2007 VireadGilead$668 mln2001 CombivirViiV$665 mln1997 PrezistaJ&J (JNJ.N)$592 mln2006 EpivirViiV$542 mln1995 source: Thomson Reuters; U.S Food and Drug Administration(Reporting by Ben Hirschler)......
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