Industry news
Possible sales of older drugs by Merck., Sanofi and Abbott Labs
Merck Inc., Sanofi and Abbott Labs are considering selling their older drugs to focus on their new medicines with better profit margins. Many of these older drugs are sold in emerging markets and are under strong pricing pressure and drag down profits. Likely candidates at Merck Inc. are Cozaar, Hyzaar, Zocor,and Propecia.