A.M. Vitals: Merck Profit Falls 52% On Merger, Restructuring Costs

Published On: July 30th, 2010

Also: high-risk pool regs are out; vote held up by motion to repeal provision of health-care overhaul; Republicans want HHS to edit HealthCare.gov.

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A.M. Vitals: Merck Profit Falls 52% On Merger, Restructuring Costs

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A.M. Vitals: Cigna’s 2nd-Quarter Profit Falls 32%, Beats Expectations
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Schering Execs Could Leave With $108 Million After Merck Merger
After the merger agreements come the golden parachutes. The latest example: Schering-Plough’s pending takeover by Merck. Schering-Plough Chief Executive Fred Hassan and nine other company executives would receive a total of $55.7 million in payments if they leave the company after its Merck takeover, according to a Schering securities filing. ..
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Defending PBM Combination: The CEOs of pharmacy-benefit managers Express Scripts and Medco Health Solutions defended their proposed merger before a House antitrust subcommittee yesterday, pointing to the entrance of new competitors to the market, including UnitedHealth, Dow Jones Newswires reports . Express Scripts Chief Executive George Paz also said the deal wouldn’t make sense if..
Merck Follows Pfizer on Earnings, but Avoids its Footsteps
With an apparent eye on Pfizer’s experience early this month, Merck officials made one thing abundantly clear during the morning’s earnings report : “Nothing in our guidance has changed,” CFO Peter Kellogg said on a conference call with analysts. The emphasis was undoubtedly a reaction to Pfizer’s Feb. 3 earnings report when it lowered its..
A.M. Vitals: Cigna’s First-Quarter Profit Rises 52%
Earnings Upside: Cigna said its first-quarter profit rose a bigger-than-expected 52% to $429 million, or $1.57 per share, from $283 million, or $1.02 per share, the previous year, Dow Jones Newswires reports . It attributed the gain to lower medical costs and higher enrollment ..

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