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Merck's Third Quarter Net Income Falls But Profits Top Analysts' Estimates

October 27, 2014 8:31 am | News | Comments

Merck's third-quarter net income fell mostly because of large costs tied to acquisitions and divestitures. But the company's adjusted earnings topped Wall Street's view, and it narrowed its full-year adjusted earnings forecast on Monday.  

Merck Ex-Financial Analyst Facing Insider Trading Charge

October 15, 2014 8:14 am | News | Comments

A former senior finance analyst at Merck & Co. is facing an insider trading charge after...

Merck Completes Sale of Consumer Unit to Bayer

October 1, 2014 3:15 pm | News | Comments

Merck has completed the sale of its consumer care business, which makes products including...

Merck KGaA to Buy Sigma Aldrich for $17B

September 22, 2014 7:44 am | by David Mchugh - AP Business Writer - Associated Press | News | Comments

Merck says it has agreed to buy St. Louis-based chemical firm Sigma-Aldrich Corp. for $17...

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Merck KGaA Strengthens Executive Board

September 18, 2014 2:20 pm | News | Comments

Merck KGaA today announced that the Board of Partners has promoted Stefan Oschmann to the position of Deputy CEO and Vice Chairman of the Executive Board. Concurrently, Belén Garijo was appointed to the Executive Board to take over leadership for the Pharma business.

Sun Pharma and Merck Announce $80M Licensing Agreement for Tildrakizumab

September 17, 2014 9:00 am | News | Comments

Merck and Sun Pharmaceutical Industries have announced an exclusive worldwide licensing agreement for Merck’s investigational therapeutic antibody candidate, tildrakizumab, (MK-3222), which is currently being evaluated in Phase 3 registration trials for the treatment of chronic plaque psoriasis.

Merck KGaA Discontinues Clinical Development Program of Tecemotide for Stage III Non-Small Cell Lung Cancer

September 12, 2014 3:18 pm | News | Comments

Merck KGaA announced that its biopharmaceutical division will discontinue the clinical development program of its investigational MUC1 antigen-specific cancer immunotherapy tecemotide (also known as L-BLP25) as a monotherapy in Stage III non-small cell lung cancer (NSCLC).

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Shortage of Bladder Cancer Drug Could be Tragic for Patients, Doctor Says

September 9, 2014 8:32 am | by Sheryl Ubelacker, The Canadian Press | News | Comments

The shortage of the medication — called bacillus Calmette-Guerin, or BCG — has been caused by manufacturing problems at plants operated by two different pharmaceutical companies — Merck and Sanofi Pasteur.        

FDA Approves Keytruda for Advanced Melanoma

September 4, 2014 3:49 pm | News | Comments

The U.S. Food and Drug Administration has granted accelerated approval to Keytruda (pembrolizumab) for treatment of patients with advanced or unresectable melanoma who are no longer responding to other drugs.       

Pfizer And Merck to Collaborate On Study Evaluating Novel Anti-Cancer Combination Regimen

August 26, 2014 8:35 am | News | Comments

Pfizer and Merck announced today that they have entered into an agreement to explore the therapeutic potential of the combination of Pfizer’s crizotinib with Merck’s investigational anti-PD-1 antibody pembrolizumab, in a Phase 1b clinical study evaluating the safety and tolerability of the combination in patients with ALK-positive advanced or metastatic non-small cell lung cancer.

FDA Approves New Sleeping Drug from Merck

August 13, 2014 4:29 pm | by The Associated Press | News | Comments

Merck & Co. has won federal approval for a new type of sleeping pill designed to help people with insomnia stay asleep. The tablet, Belsomra, works by temporarily blocking chemicals known as orexins that control the sleep cycle and can keep people awake at night.

Merck Second Quarter Profit More Than Doubles

July 29, 2014 7:29 am | by The Associated Press | News | Comments

Merck has reported earnings that more than doubled in its second quarter, and topped analysts' expectations. The Whitehouse Station, New Jersey-based company said net income increased to $2 billion, or 68 cents per share, from $906 million, or 30 cents per share, in the same quarter a year earlier.

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Merck Initiates Phase III Study of Letermovir, an Investigational Antiviral for Prevention of Cytomegalovirus Infection in High-Risk Bone Marrow Transplant Patients

July 24, 2014 8:51 am | News | Comments

The multicenter, randomized, placebo-controlled study will evaluate the efficacy and safety of letermovir for the prevention of clinically-significant cytomegalovirus (CMV) infection in adult (18 years and older) CMV-seropositive recipients of allogeneic hematopoietic stem cell transplants.

Studies See New Risks for Cholesterol Drug Niacin

July 16, 2014 6:31 pm | by Marilynn Marchione - AP Chief Medical Writer - Associated Press | News | Comments

New details from two studies reveal more side effects from niacin, a drug that hundreds of thousands of Americans take for cholesterol problems and general heart health. Some prominent doctors say the drug now seems too risky for routine use.  

Merck KGaA’s Biopharmaceutical Division Appoints New Global Head of R&D

July 14, 2014 9:13 am | News | Comments

Merck KGaA’s biopharmaceutical division today announced the appointment of Luciano Rossetti, M.D., as Executive Vice President and Global Head of Research & Development as of July 21, 2014.          

Bionomics and Merck Enter New Alzheimer's Research Collaboration

June 24, 2014 8:16 am | News | Comments

Bionomics Limited has entered into an exclusive Research Collaboration and License Agreement with Merck, known as MSD outside the United States and Canada, for its BNC375 research program targeting cognitive dysfunction associated with Alzheimer's disease and other central nervous system conditions.

Merck Starting Tender Offer for Idenix

June 20, 2014 9:35 am | by The Associated Press | News | Comments

Merck announced earlier this month that it would pay about $3.85 billion for the Cambridge, Massachusetts-based company. Merck is hoping that teaming Idenix's hepatitis C medicines with its experimental drugs will produce lucrative combo therapies that quickly cure most patients with the blood-borne virus afflicting tens of millions.

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Merck to Acquire Idenix

June 9, 2014 8:04 am | News | Comments

Merck and Idenix Pharmaceuticals today announced that the companies have entered into a definitive agreement under which Merck will acquire Idenix for $24.50 per share in cash. The transaction, which values the purchase of Idenix at approximately $3.85 billion, has been approved by the boards of directors of both companies.

$100M NuvaRing Settlement Finalized

June 5, 2014 3:33 pm | by JIM SALTER, Associated Press | News | Comments

A $100 million settlement involving NuvaRing, a birth-control device linked to sometimes-fatal side effects, will stand now that the vast majority of claimants have chosen to opt into the agreement, those involved in the lawsuits said Thursday.

New Allergy Tablets Offer Alternative to Shots

June 2, 2014 6:51 am | by Linda A. Johnson - AP Business Writer - Associated Press | News | Comments

For decades, seasonal allergy sufferers had two therapy options to ease the misery of hay fever. They could swallow pills or squirt nasal sprays every day for brief reprieves from the sneezing and itchy eyes. Or they could get allergy shots for years to gradually reduce their immune system's...

Merck Animal Health Announces FDA Approval of BRAVECTO

May 20, 2014 8:14 am | News | Comments

Merck Animal Health has announced the FDA’s approval of BRAVECTO (fluralaner) chewable tablets for dogs (112.5 mg, 250 mg, 500 mg, 1000 mg, 1400 mg). BRAVECTO is the first and only treatment that has been shown to quickly and effectively kill fleas and multiple tick species for 12 weeks in a single dose.

Merck Sells Ophthalmology Products in Japan and Key Markets in Europe and Asia Pacific to Santen

May 13, 2014 8:04 am | News | Comments

Santen will make an upfront payment of approximately $600 million and additional payments based on defined sales milestones as needed. The annual sales of these ophthalmology products in the markets within the scope of the agreement are approximately $400 million.

FDA Approves Merck's ZONTIVITY™

May 12, 2014 8:00 am | News | Comments

Merck announced that the FDA has approved ZONTIVITY™ (vorapaxar) for the reduction of thrombotic cardiovascular events in patients with a history of heart attack (myocardial infarction) or in patients with narrowing of leg arteries, called peripheral arterial disease (PAD).

FDA Approves Merck Blood Thinner

May 9, 2014 9:23 am | by MATTHEW PERRONE, AP Health Writer | News | Comments

The Food and Drug Administration has approved a new type of blood thinner from Merck that reduces heart attack, stroke and other fatal cardiovascular events in patients with a history of heart attack.                   

Merck: New Drugs Pending Approval or in Late Tests

May 6, 2014 4:38 pm | by LINDA A. JOHNSON, AP Business Writer | News | Comments

Merck & Co. could get an impressive six new prescription medicines approved in the U.S. this year and will soon apply for regulatory approval of two others. That is the word from company executives who addressed analysts during a briefing Tuesday on Merck's business.

FDA Accepts Merck's BLA for Review of MK-3475 for Advanced Melanoma

May 6, 2014 8:48 am | News | Comments

Merck today announced that the FDA has accepted for review the Biologics License Application (BLA) for MK-3475, Merck’s investigational anti-PD-1 antibody, for the treatment of unresectable or metastatic melanoma in patients who have been previously treated with ipilimumab.

Bayer to Buy Merck Consumer Business

May 6, 2014 6:36 am | by The Associated Press | News | Comments

Bayer AG says it plans to buy Merck's consumer care business, whose products include the Coppertone suncare range, Claritin allergy medicine and the Dr. Scholl's footcare products, for $14.2 billion.           

FDA Panel Pans OTC Singulair Proposal

May 2, 2014 4:39 pm | by The Associated Press | News | Comments

Federal health advisers have voted against a Merck proposal to sell its prescription respiratory pill Singulair as an over-the-counter allergy medication. The Food and Drug Administration's panel of experts voted 11-4 Friday against making the drug available without a prescription.

Endocyte Tumbles on Ovarian Cancer Study

May 2, 2014 12:34 pm | by The Associated Press | News | Comments

Merck and Endocyte are stopping a clinical trial of an experimental cancer drug, sending Endocyte shares plunging. The companies said the drug vintafolide didn't slow the progress of ovarian cancer. The trial compared a combination of vintafolide and the chemotherapy drug doxorubicin to doxorubicin and a placebo.

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