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Economy blamed for Merck & Co's poor first quarter
22 April 2009
Simon Varcoe

simon.varcoe@informa.com

Merck & Co began the year with a poor first quarter with total sales falling by 8% to $5.39 billion and EPS more than halving to $0.67.

The company's net income fell by 57% to $1.46 billion, which it attributed to a $1.4 billion payment from AstraZeneca recorded in the first quarter of last...



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