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SGP Saint Gobain Bonds Stgobaintp83t1

120.00
0.00 (0.00%)
23 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Saint Gobain Bonds Stgobaintp83t1 EU:SGP Euronext Bond
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 120.00 114.00 120.00 0 01:00:00

Merck To Sell CSL's Flu Vaccine In US Starting Next Year

28/09/2009 2:01pm

Dow Jones News


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   DOW JONES NEWSWIRES 
 

Merck & Co. (MRK) has agreed to sell CSL Ltd.'s (CSL.AU) seasonal flu vaccine in the U.S. for a six-year period starting next fall, getting the drug giant into that sector.

Terms weren't disclosed for the deal between the companies, who have been vaccine-development partners since 1980.

Afluria was approved by the U.S. Food and Drug Administration two years ago. Merck said with selling the Australian company's vaccine, it will give Merck eight of the 10 vaccines on the recommended list for U.S. adults.

Vaccines have long been one of Merck's primary businesses, which showed strong growth in 2006 and 2007 but has had problems of late amid supply constraints and seen weakened demand. The unit's head will be leaving Nov. 1 ahead of the company's acquisition of Schering-Plough Corp. (SGP).

-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com

 
 

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