March 10th, 2009

Little, if any, Philadelphia-area jobs said to be lost in the proposed merger of Merck and Schering-Plough Corp.

The Philadelphia Inquirer reports:  

Merck & Co. Inc. said very few, if any, of its 12,000 Philadelphia-area jobs would be lost in the $41.1 billion merger it announced yesterday with Schering-Plough Corp., a deal that company executives billed as their answer to meager growth prospects and increasing generic competition.

Read the full story on the effects of this and other recent big Pharma mergers from the Inquirer here.