Schering-Plough Reports Financial Results for 2007 Fourth Quarter,...(b site is http: SCHERING-PLOUGH CORPO...)

SCHERING-PLOUGH CORPORATION

U.S. GAAP report for the fourth quarter ended December 31 (unaudited):

(Amounts in millions, except per share figures)

Fourth Quarter Full Year

2007 2006 2007 2006

Net sales 1/ $3,724 $2,650 $12,690 $10,594

Cost of sales 2/ 1,566 915 4,405 3,697

Selling, general

and administrative 1,634 1,250 5,468 4,718

Research and

development 3/ 855 631 2,926 2,188

Acquired in-process

research and

development 4/ 3,754 - 3,754 -

Other income, net 5/ (231) (46) (683) (135)

Special and acquisition

related charges 6/ 52 12 84 102

Equity income (566) (403) (2,049) (1,459)

(Loss)/income before

income taxes (3,340) 291 (1,215) 1,483

Income tax (benefit)/

expense (14) 87 258 362

Net (loss)/income

before cumulative

effect of a change

in accounting

principle $(3,326) $204 $(1,473) $ 1,121

Cumulative effect

of a change in

accounting principle,

net of tax 7/ - - - (22)

Net (loss)/income $(3,326) $204 $(1,473) $ 1,143

Preferred stock

dividends 38 22 118 86

Net (loss)/

income available

to common

shareholders $(3,364) $
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