The Earthtimes online News
Home


Merck profit rises on gains from deal

NEW YORK (Reuters) - Merck & Co <MRK.N> 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.
Posted : Mon, 21 Apr 2008 11:52:03 GMT
Author : Reuters
Category : US (Business)
News Alerts by Email ( click here )
Create your own RSS
US Business News | Home
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.



Article : Merck profit rises on gains from deal
Print this article
Email this article


Share on

Have your Say
Name
Email
Subject
Your Comment

Enter Verification code
 
  

 

 

More US (Business) News click here

Choose Theme
Green Earth Blue Earth Orange Earth Purple Earth

Search
 
You can
Print this articleemail this articleComment on this article

Current News

News Category
Business
- India
- UK
- US
Entertainment
Environment
General
Health
Sports
Technology
World
Press Release

About us | News Archives | Browse old Archive | Feedback | Disclaimer | Mobile/PDA | News Alerts

The views expressed in the articles are not necessarily those of earthtimes.org and we accept no responsibility for the views or opinions
expressed in the articles either direct or indirect.

© 2008 www.earthtimes.org, The Earth Times, All Rights Reserved | Privacy Policy