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Zacks Analyst Blog Highlights: Merck & Co., Patni Computers, Infosys, Wipro Inc. and Cognizant Tech. – Press Releases

Zacks Market Commentaries (June 8th, 2009) Writes:
For Immediate Release

Chicago, IL - June 8, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Merck & Co. (MRK), Patni Computers (PTI), Infosys (INFY), Wipro Inc. (WIT) and Cognizant Tech (CTSH).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Friday's Analyst Blog:

Another Merck Pipeline Setback

This morning Merck & Co. (MRK) announced disappointing top-line results of its 2,033-patients phase III PROTECT study of rolofylline (MK-7418), under development for acute heart failure. The candidate failed to meet both the primary (improve symptoms of acute heart failure)

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Another Merck Pipeline Setback – Analyst Blog

Zacks Market Commentaries (June 5th, 2009) Writes:
Another Pipeline Setback For MerckThis morning Merck & Co. (MRK) announced disappointing top-line results of its 2,033-patients phase III PROTECT study of rolofylline (MK-7418), under development for acute heart failure. The candidate failed to meet both the primary (improve symptoms of acute heart failure) and secondary (reduce the risk of death or cardiovascular or renal re-hospitalization 60 days after treatment and reduce the incidence of persistent kidney impairment) endpoints.Acute heart failure is the leading cause of hospitalizations of patients over 65, is associated with a high rate of mortality and currently has few treatment options. Rolofylline showed encouraging efficacy including improvement of shortness of breath and effectiveness in preserving renal function compared to placebo in a phase III dose ranging study. This data was presented at the 2008 American College of Cardiology meeting.We had expected Merck to file for FDA approval of ...

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