Merck's Q4 profit falls 7 pct on charges, generic competition to blockbuster allergy medicine

  • by: LINDA A. JOHNSON , Associated Press
  • Updated: February 1, 2013 - 3:08 PM

Merck & Co.'s fourth-quarter profit fell 7 percent because of hits from generic competition and one-time charges, and the company pushed back plans for seeking approval of a key experimental osteoporosis drug.

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