Merck Pulls Arthritis Drug from Market




 
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September 30th, 2004  
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Topic: Merck Pulls Arthritis Drug from Market


NEW YORK (Reuters) - Merck & Co Inc. MRK.N pulled its arthritis drug Vioxx off the market on Thursday after a study showed it doubled the risk of heart attack and stroke. The move sent the company's shares plunging almost 27 percent and erased $25 billion of its market value.

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