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Schering-Plough Reports Financial Results for First Quarter of 2008
Date:4/23/2008

nnovation-driven, science-centered global health care company. Through its own biopharmaceutical research and collaborations with partners, Schering-Plough creates therapies that help save and improve lives around the world. The company applies its research-and-development platform to human prescription and consumer products as well as to animal health products. Schering-Plough's vision is to "Earn Trust, Every Day" with the doctors, patients, customers and other stakeholders served by its colleagues around the world. The company is based in Kenilworth, N.J., and its Web site is http://www.schering-plough.com.

SCHERING-PLOUGH CORPORATION

U.S. GAAP report for the first quarter ended March 31 (unaudited):

(Amounts in millions, except per share figures)

First Quarter

2008 2007

Net sales 1/ $4,657 $2,975

Cost of sales 2/ 2,137 937

Selling, general and administrative 1,676 1,213

Research and development 3/ 880 707

Other expense/(income), net 95 (48)

Special and acquisition-related charges 4/ 23 1

Equity income (517) (487)

Income before income taxes 363 652

Income tax expense 72 87

Net income $291 $565

Preferred stock dividends 38 22

Net income available to common shareholders $253 $543

Diluted earnings per common share $0
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SOURCE Schering-Plough Corporation
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