09-30-2004, 02:31 PM
Merck Withdraws Vioxx Due to Data Showing Increased Risk of Heart Attack, Stroke; Stock Falls
I don't own any of this stock, but Merck and specifically the Vioxx matter is the "bread & butter" client of my Firm. So much for that Christmas bonus I was looking forward to :-(
I probably want to give my headhunter/pal a call, maybe have him keep an eye out for anything in case I need to jump ship.
Quote:TRENTON, N.J. (AP) -- Pharmaceutical giant Merck & Co. is pulling its blockbuster arthritis drug Vioxx from the market worldwide because new data from a clinical trial found an increased risk of heart attack and stroke. Its stock price plunged more than 27 percent as the company said the action will hurt its earnings.
I don't own any of this stock, but Merck and specifically the Vioxx matter is the "bread & butter" client of my Firm. So much for that Christmas bonus I was looking forward to :-(
I probably want to give my headhunter/pal a call, maybe have him keep an eye out for anything in case I need to jump ship.