Rochester,NY 7/11/2009 2:49:14 AM
Afternoon Stock Report - MRK - Get Ready for a 25% Drop - Sourced WhisperFromWallStreet.com
Merck & Co. Inc.
Afternoon Stock Report - MRK - Get Ready for a 25% Drop - Sourced WhisperFromWallStreet.com
Merck & Co. Inc. MRK
Johnson & Johnson, a Dow component and the world's biggest healthcare company, reports earnings for the second quarter on Tuesday morning. The following is a summary of key developments and analyst opinion related to the period.
OVERVIEW: The maker of baby shampoo, Band-Aids, medical devices and biotech drugs, Johnson & Johnson, a household name seen as an economic bellwether, is showing some wear and tear from generic competition, unfavorable exchange rates, other pressures on the industry and the recession dampening consumer spending. Despite that, it's still making some strategic, midsize deals.
Last Trade: 26.47
Day's Range: 26.26 - 26.99
52wk Range: 26.26 - 26.99
Volume: 14,122,188
ABOUT - Merck & Co. Inc.
Merck & Co., Inc. provides products for human and animal health in the United States and internationally. The company's Pharmaceutical segment offers human health pharmaceutical products, such as therapeutic and preventive agents. Its products comprise Singulair, a leukotriene receptor antagonist for the treatment of asthma and allergic rhinitis; Cozaar, Hyzaar, Vasotec, and Vaseretic, the hypertension and/or heart failure products; Fosamax and Fosamax Plus D for treating osteoporosis; Januvia and Janumet for type 2 diabetes; Cosopt and Trusopt, the ophthalmological products; Zocor, an atherosclerosis product; Maxalt for acute migraine; Propecia to treat male pattern hair loss; Arcoxia to treat arthritis and pain; Proscar to treat symptomatic benign prostate enlargement; and Emend for the prevention of chemotherapy-induced and post-operative nausea and vomiting.
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