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Merck's Q3 income suffers as it prepares for Vioxx charges

This article was originally published in Scrip

Executive Summary

A $950 million legal reserve set-up to pay-out charges levied against Merck & Co related to the arthritis pain relief drug Vioxx (rofecoxib) plus the costly acquisition of Schering-Plough drove the company's net income down by 89% to $342 million in the third quarter.

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