Thursday, March 26, 2009

Merck’s Merger with Schering-Plough Takes Everyone by Surprise

Many people were caught off-guard by Merck’s announcement that it would merge with Schering-Plough in a $41.1 billion dollar deal. According to this post on this deal will take form of a “reverse merger,” which means that technically speaking Schering-Plough will inherit Merck even though they will operate under the Merck name.

Many believe that this reverse merger occurred because an existing international marketing agreement between Johnson & Johnson and Schering which allows Johnson to take all rights to sell Remicade and golimumab if Schering-Plough is acquired by another company. Still unknown is what part Johnson & Johnson will play in this huge merger. This will be something to we will look out for in the upcoming months.

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