Quest a Surprise Winner
Merck Terminates Odanacatib Trial Early on Positive Results
By Catherine Shaffer
Staff Writer
Staff Writer
Wednesday, August 8, 2012
Some investors were puzzled when shares of Quest Diagnostics Inc. surged nearly 5 percent Thursday morning for apparently no reason. They could hardly be blamed for not knowing that Madison, N.J.-based Quest is entitled to a rather large payday upon commercialization of Merck & Co. Inc.'s odanacatib, which just blasted through its Phase III study goals upon interim analysis.
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