A company spokesman blamed the change on the weak IPO market. Only five companies have gone public this year, according to Thomson Financial, down from offerings during the same period in Merck, the world's No. The move was approved by the company's board Tuesday. Merck has been trying to separate itself from the pharmacy benefits unit in a move that would focus the Whitehouse, N. Merck did not reveal financial details of the IPO, such as the initial stock price, the number of shares to be offered, or how much money the offering is expected to generate.
Noting that both Merck and Medco have benefited from the merger, chairman-CEO-president Raymond Gilmartin added that different times call for different strategies. Merck anticipates a return to double-digit earnings in , Gilmartin said during a press conference. He added that the firm will file applications for or win approval of 11 new medications and vaccines over the next five years. Long an opponent of mega-mergers, he said that Merck will continue to pursue licensing agreements on compounds and targeted acquisitions.
The National Community Pharmacists Association is "cautiously optimistic that the separation will put Merck in a position to work more closely with community pharmacy on projects of mutual interest," said spokesman Todd Dankmyer, senior v. Who is your transfer agent? Who do I contact to request information on my account or change my account information? Do you have a dividend reinvestment plan DRIP? Merck stock investment plan Access the Merck stock investment plan. Account access Login to my account.
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