NEWS | SAN DIEGO

Generic competition, charges cut Merck Q4 profit

By , The Associated Press

During a morning conference call with analysts, Merck said that instead of applying for approval of odanacatib in the first half of this year, it won't do so until 2014. That will allow Merck time to finish an extension of an odanacatib study that includes about 8,200 women, so that Merck can also submit those longer-term results to regulators -- apparently a strategy to improve chances the drug will be approved.

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