Analysts, investors upbeat about Schering-Plough settlement

07/19/2004 | Star-Ledger (Newark, N.J.), The

Several analysts are encouraged by Schering-Plough's likely $350 million settlement with federal investigators over Medicare fraud allegations, saying it will unburden the company from the years-long probe and allow it to move ahead. The settlement comes as Schering-Plough expects to receive FDA approval, possibly this week, of its blockbuster cholesterol drug, Vytorin, which could result in sales of more than $1 billion a year.

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Star-Ledger (Newark, N.J.), The

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