Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Nyse  >  Merck & Co., Inc.    MRK

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Merck & Co., Inc. : Merck On Track to File Application for Insomnia Drug This Year

06/13/2012 | 08:52am US/Eastern
   By Victoria Stilwell 
 

Merck & Co. (MRK) said it is on track to file a new drug application for its experimental insomnia medicine this year, making the drug one of six major filings planned for 2012 and 2013.

Data from a Phase 3 clinical trial showed Merck's insomnia drug suvorexant reduced the time it took patients to fall asleep and increased the time patients stayed asleep as early as the first night and at the three-month point compared with a placebo.

The drug met statistical significance on 15 out of 16 primary endpoints. The findings were to be presented at the Annual Meeting of the Associated Professional Sleep Societies.

Merck, like its rivals, has been cutting costs as part of an effort to soften the hit from increased generic competition. The company's top-selling allergy and asthma medication Singulair loses patent exclusivity in August and the ripple-effect from generic versions of rival Pfizer Inc.'s (PFE) cholesterol fighter Lipitor have contributed to a decline in sales of Merck's anticholesterol drug Vytorin.

Merck reported in April first-quarter earnings rose 67% as the drug maker's cost controls helped offset slower-than-expected sales growth.

Shares closed at $38.43 Tuesday and were inactive in premarket trade. The stock is up 8.8% in the past 12 months.

Write to Victoria Stilwell at Victoria.Stilwell@dowjones.com

React to this article
Latest news on MERCK & CO., INC.
08:03a MERCK : FDA Approves Pediatric Indication for EMEND® (aprepitant) Capsules in Co..
09/01 MERCK : New Analyses from the IMPROVE-IT Study with VYTORIN® (ezetimibe and simv..
08/28DJFDA Says Certain Type 2 Diabetes Drugs Can Cause Serious Joint Pain -- Update
08/28DJFDA Says Certain Type 2 Diabetes Drugs Can Cause Serious Joint Pain
08/28DJFDA : Some Diabetes Drugs Can Cause Joint Pain
08/28 ABLYNX : Announces half-year results for 2015
08/27 MERCK : Research Data from Merck & Company Update Understanding of Depression (A..
08/26DJMARKET SNAPSHOT : U.S. Stocks On Track To Snap 6-session Losing Streak
08/26DJMARKET SNAPSHOT : U.S. Stocks Mount Fresh Attempt To Snap Six-session Losing Str..
08/26DJMARKET SNAPSHOT : U.S. Stocks Attempt To Snap Six-session Losing Streak
Advertisement
Chart
Duration : Period :
Merck & Co., Inc. Technical Analysis Chart | MRK | US58933Y1055 | 4-Traders
Income Statement Evolution
More Financials