|Merck & Co.,Inc. (MRK)
|Merck & Co., Inc. Graph source Edgar Online Pro on April 19th, 2006
The Following data is sourced from Yahoo Finance & the ANNUAL REPORT ON FORM 10-K For the Year Ended December 31, 2005 . The overview of the company was:
Merck & Co., Inc. , a pharmaceutical company, engages in the discovery, development, manufacture, and marketing of various products for human and animal health. The company’s products consist of therapeutic and preventive agents sold by prescription for the treatment and prevention of human disorders. It offers Zocor, a atherosclerosis product; Cozaar, Hyzaar, and Vasotec, which are hypertension/heart failure products; Fosamax, an osteoporosis product used for the treatment and prevention of osteoporosis; Singulair, a respiratory product and a leukotriene receptor antagonist used for the treatment of asthma and for relief of symptoms of seasonal allergic rhinitis; Varivax, a live virus vaccine of chickenpox; M-M-R II, a pediatric vaccine for the prevention of measles, mumps, and rubella; Pneumovax, a vaccine for the prevention of pneumococcal disease; Recombivax HB, a vaccine for the prevention of hepatitis B; Primaxin and Cancidas, which are antibacterial/antifungal products; Proscar, a urology product used for treatment of symptomatic benign prostate enlargement; Cosopt and Trusopt, which are ophthalmological products; Maxalt, which is used for the treatment of acute migraine; and Propecia, which is used for the treatment of male pattern hair loss. The company sells its products to drug wholesalers and retailers, hospitals, clinics, government agencies, and managed health care providers, such as health maintenance organizations and other institutions through its professional representatives. Merck & Co. has a collaboration agreement with NicOx SA to develop antihypertensive drugs using NicOx's proprietary nitric oxide-donating technology. The company was founded in 1891 and is headquartered in Whitehouse Station, New Jersey.
Risk Factors (sourced from 10 k form please research them for further detail):
1. The Company faces significant litigation related to Vioxx.
2. Certain of the Company’s major products are going to lose patent protection in the near future and, when that occurs, the Company expects a significant decline in sales of those products.
3. The Company’s research and development efforts may not succeed in developing commercially successful products and the Company may not be able to acquire commercially successful products in other ways; in consequence, the Company may not be able to replace sales of successful products that have lost patent protection.
4. The Company’s products, including products in development, can not be marketed unless the Company obtains and maintains regulatory approval.
5. The Company is dependent on its patent rights, and if its patent rights are invalidated or circumvented, its business would be adversely affected.
6. The Company faces intense competition from lower-cost generic products.
7. The Company faces intense competition from new products.
8. Cautionary Factors that May Affect Future Results (See 10 K Form)
Recent articles on the medical industry:
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