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Schering-Plough Reports Financial Results for 2009 First Quarter
Date:4/21/2009

ave been established at both Schering-Plough and Merck, and these teams have been meeting collaboratively in order to plan for a smooth and effective integration. Until the merger closes, both companies will continue to operate independently. The transaction is subject to approval by Schering-Plough and Merck shareholders and the satisfaction of customary closing conditions and regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as well as clearance by the European Commission under the EC Merger Regulation and certain other foreign jurisdictions.

Recent Developments

The company also offered the following summary of recent significant developments that have previously been announced, including:

  • Responded to the FDA's complete response letter for SAPHRIS (asenapine) sublingual tablets, which was received in January 2009. SAPHRIS is under review for the acute treatment of schizophrenia in adults and for the acute treatment of manic or mixed episodes associated with bipolar I disorder in adults as monotherapy. (Announced Feb. 20, 2009)
  • Announced a license agreement between Nobilon, Schering-Plough's human vaccine business unit, and the World Health Organization to provide access to pandemic influenza vaccine manufacturing technology to developing countries. (Announced Feb. 23)
  • Launched AFRIN PureSea(TM) Hydrating Nasal Rinse. (Announced March 3)
  • Received European Commission (EC) and FDA approvals for an intravenous formulation of temozolomide, a chemotherapy treatment for certain primary brain tumors, and received EC approval for a sachet packaging presentation for TEMODAL Capsules. (Announced March 5)
  • Received FDA approval for expanded labeling for PEGINTRON and REBETOL combination therapy allowing for ret
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SOURCE Schering-Plough Corporation
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