Merck Drug Kingpin Departs

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Wow... Two surprises in one day!First was the announcement of a bill that would reform the FDA. This morning, Raymond V. Gilmartin has flamed out as Merck chairman, president and CEO, amid falling revenues, an escalating number of lawsuits and a slew of bad publicity. In his place, Merck will instead operate with a new three-person executive committee handling many of the former chairman's duties.Although Merck board members dispelled any notion Gilmartin was forced out, I'm sure the company's ... (more)  

- link to Merck Drug Kingpin Departs -
Last update: 06/01/2005

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