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M2 PRESSWIRE-24 August 2006-www.equityallianceir.com: Merck has released the first data from a giant study of ...(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:25082006
EQUITY ALLIANCE SPOTLIGHTS: Merck & Co. Inc (NYSE:MRK) Current Price (40.46) Volume: 10,788,400 www.equityallianceir.com
Merck's Vioxx Heir Matthew Herper, 08.23.06, 5:25 PM ET
Merck has released the first data from a giant study of Arcoxia, the drug that was designed to be an heir to its withdrawn painkiller Vioxx, and says it still hopes the U.S. Food and Drug Administration will approve the drug, based on the new data..
Merck (nyse: MRK - news - people ) says the study found no more risk to the heart from Arcoxia than with an older drug that is commonly used in Europe. But, as Forbes.com predicted on Monday, critics still see problems with data. (See: " Vioxx, The Sequel.") Still, Merck shares jumped 71 cents, or 1.8%, to $40.46, near their 52-week high.
Vioxx was pulled from the market in September 2004 after a Merck-funded study found that it increased the risk of heart attack and stroke. Angry patients have filed more than 11,000 lawsuits, alleging Merck should have warned them of the drug's risk, potentially costing the drugmaker billions. Arcoxia is being watched because investors want to know if it has any chance of getting approved, and because it could give hints to whether other drugs such as Vioxx--including Pfizer's…
Source: HighBeam Research, Merck has released the first data from a giant study of ...