News Tagged ‘profits

Merck cuts more jobs as Vytorin, Zetia sales drop

Global sales of Vytorin fell 18 percent, while sales of Zetia dropped by 12 percent in the third quarter. The loss of sales revenue from the two drugs, combined with difficult economic conditions worldwide, have led drug maker Merck to announce that it will cut its workforce by 12 percent.

Read the rest of this entry »

Vytorin loses market strength … again

Clinical trials haven’t been kind to Vytorin, Merck and Schering-Plough’s cholesterol brainchild. The first blow was dealt by the ENHANCE study, which showed Vytorin to be no more effective than much cheaper generic statins. Next came results of the trial, which indicated a link between Vytorin and risk of and death by . A flurry of disputed interpretations, accusations, and controversy followed in the wake of the trials.

Read the rest of this entry »

New Haven wants to recover Vytorin money

Should municipalities be allowed to reclaim the money it spent on expensive prescriptions if the prescribed drug turns out to be a dud? For the city of New Haven, CT, the answer is yes. According to a report in the New Haven Independent , the city’s top , John Ward, wants more than $400,000 back from Vytorin manufacturers Merck and Schering-Plough.

Read the rest of this entry »

Merck speeds trial of new cholesterol drug

Following Vytorin’s recent fall from its blockbuster status, Merck is ratcheting up studies of its new cholesterol fighting drug, The Washington Times reported.

MK-0524A, as the new drug is called, is the subject of a study based in Oxford University in England. Merck submitted the drug to the for approval, but it was rejected last April. The wanted results from the study known as THRIVE (Treatment of HDL to Reduce the Incidence of Vascular Events) before it made another ruling.

Read the rest of this entry »

scientist cautions against dismissing Vytorin-cancer link

Does Vytorin increase the risk of death? The question seems like it would be simple to answer, yet finding the answer requires navigating through a murky labyrinth of botched test results, apparent cover-ups, possible payoffs, and a whorl of conflicting interpretations that sometimes resemble self-interest, sometimes truth, depending on whom you ask.

Read the rest of this entry »

Vytorin scandals evoke mistrust

Is Schering-Plough’s motto, “To Earn Trust, Every Day,” laced with a little irony these days? What about Merck’s maxim “Where patients come first?” Does it evoke feelings of warmth and trust or does it just induce rolling eyeballs?

Read the rest of this entry »