Read this the plot thickens.Merck to Buy Schering-Plough for $41.1 Billion
There is at least one big question that hangs over the proposed merger: What happens with Remicade, a rheumatoid arthritis drug that represented $2.1 billion in sales for Schering last year.
Schering markets Remicade outside the United States in an agreement with Johnson & Johnson, which sells the drug in this country. Under a termination clause in that agreement, the rights to Remicade and another drug under development could revert to Johnson & Johnson if control or ownership of Schering changes.
The offer is cats pis.Typical PEPTECH STUFF UP THE SHAREHOLDERS
AAH Price at posting:
$1.43 Sentiment: None Disclosure: Not Held
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