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Marina Biotech, Inc. Message Board

  • yeewilton yeewilton Sep 30, 2004 5:32 PM Flag

    Have you heard the news on Merck today?

    I think more or less it would affect Merck's investment in NSTK.

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    • Pharmaceuticals
      Merck Disaster Bad For All Drugmakers
      Matthew Herper, 09.30.04, 4:00 PM ET

      Merck's Legal Nightmare
      Merck Withdraws Vioxx
      Study Revives Debate On Arthritis Drugs
      Celebrate The Risk Profile

      The recall of Vioxx--an arthritis treatment taken by millions of people--is a disaster for everyone.

      Of course it's bad news for Merck (nyse: MRK - news - people ), the drug's maker. Vioxx brought in $2.5 billion last year, and withdrawing it will cut 50 cents to 60 cents from Merck's earnings per share for the year. Its guidance for 2004 is earnings per share of $3.11 to $3.17.

      It is also bad news for the four million people worldwide who are currently taking Vioxx, many of whom may feel it is the only drug that helps their pain. The recall is likewise bad news for the 84 million who have taken the arthritis blockbuster, which was heavily advertised in television placements featuring figure skater Dorothy Hamill.

    • You don't think pulling a drug happens overnight...Do you??

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