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Merck’s Relief in Texas – Analyst Blog

Zacks Market Commentaries (November 25th, 2009) Writes:
Although Merck (MRK) is aiming to close the Vioxx chapter, it is far from over. The company’s long list of cases is still pending. Recently, Merck received a favorable ruling in a district court of Texas. The judge dismissed all claims in a lawsuit related to Vioxx filed on behalf of the State of Texas that sought a refund for money spent on the drug and granted Merck's motion for summary judgment.  A summary judgment is a determination made by a court in a civil litigation, without a full trial. In addition to the Texas case, there are several other similar lawsuits filed by state attorney generals throughout the country. A similar trial filed against Merck by the Louisiana Attorney General is scheduled to begin in the federal court in New Orleans on April 2010.  Earlier this year, in another lawsuit, Merck had agreed to pay ...

Pozen Brings Good Data & Earnings – Analyst Blog

Zacks Market Commentaries (October 28th, 2009) Writes:
Vimovo Demonstrates Benefit Over Naproxen Yesterday, at the American College of Gastroenterology meeting in San Diego, Pozen (POZN) released data from two phase III trials comparing Vimovo (formerly PN400) to enteric-coasted naproxen (ECN) in patients with osteoarthritis (OA), rheumatoid arthritis (RA) and ankylosing spondylitis (AS) who are at risk of developing NSAID-associated gastric ulcers. The data demonstrated that patients taking Vimovo experienced significantly greater reduction in severity of dyspepsia (SODA) and overall treatment evaluation for dyspepsia (OTE-DP) compared to patients taking ECN. The OTE-DP results showed 43-46% of the patients on Vimovo reporting positive change at month six vs. only 28-34% on ECN. The results were highly statistically significant. Plus, patients taking Vimovo also had discontinuation rates far below ECN, at 3-5% vs. 11-12%, respectively. The safety of Vimovo was also superior to ECN, with only 2% of the patients experiencing erosive duodenitis as compared to 10-14% for ...

Merck in Settlement Mode – Analyst Blog

Zacks Market Commentaries (August 6th, 2009) Writes:
It seems Merck (MRK) wants to settle several pending lawsuits against it before the proposed merger with Schering-Plough Corp. (SGP), which is supposed to be completed by the year-end. Today, the two companies agreed to pay $41.5 million in a lawsuit related to cholesterol drugs (under joint venture) Vytorin and Zetia. Both Merck and Schering have recorded the charges in their second-quarter results.

Vytorin combines Zetia and another statin drug, Zocor (simvastatin), into one pill. The lawsuit is related to the controversial Enhance trial which failed to prove that Vytorin was better compared to Zocor in reducing thickening of arteries, despite a positive impact on cholesterol levels.

In July, both companies agreed to pay $5.4 million to 35 US states to settle the allegation that they did not disclose negative findings from the Enhance study on time. While the study was conducted in early 2006, its results

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Pozen Files For Approval of Vimovo – Analyst Blog

Zacks Market Commentaries (June 30th, 2009) Writes:
Today Pozen (POZN) announced the submission of the new drug application (NDA) to the U.S. FDA, seeking marketing approval for Vimovo (proposed trade name for PN-400) for the treatment of signs and symptoms of osteoarthritis, rheumatoid arthritis and ankylosing spondylitis in patients who are at risk for developing NSAID-associated ulcers.

Vimovo is a combination of 500mg enteric coated naproxen and 20mg immediate release esomeprazole. In early December 2008, Pozen released positive top-line data from its 400-301/-302 phase III program testing PN-400 (20mg esomeprazole / 500mg naproxen) vs. 500mg enteric coated naproxen alone. Results show that 400 patients total in both trials taking PN-400 experienced statistically significant fewer number of confirmed gastric ulcers by endoscopy compared to 400 subjects receiving enteric coated naproxen during the six-month period.

Pozen expects to receive a milestone payment of $10 million when the NDA is formally accepted for review by the FDA. We

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