The Winners Post-Vioxx: Merck's Product-Focused Biotechs

Vioxx's withdrawal late in September just made partnering success even more critical to Merck & Co. With a $2.55 billion gap in revenues from Vioxx and having lost two Phase III development products late in 2003, the company now leans more heavily still on external R&D success. That's good news for Merck's partners--particularly those with products.