Merck profit rises on gains from deal
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Mon, 21 Apr 2008 11:52:03 GMT |
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NEW YORK (Reuters) - Merck & Co on Monday said first-quarter profit rose on gains from a deal with longtime partner AstraZeneca, although the company's sales rose only 1 percent as negative results of a clinical trial slowed growth of its Vytorin and Zetia cholesterol drugs.The company said it earned $3.3 billion, or $1.52 per share, compared with $1.7 billion, or 78 cents per share, in the year-earlier period.Excluding special items, Merck earned 89 cents per share.(Reporting by Ransdell Pierson, editing by Maureen Bavdek) (c) Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.
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