This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Merck Spent $1.5M In 3Q Lobbying On Health Reform

WASHINGTON (AP) ¿ Drugmaker Merck & Co. Inc. spent nearly $1.6 million in the third quarter lobbying on health care overhaul issues, vaccine funding and government price controls on drugs, according to a recent disclosure form.

The $1.56 million total was up 41 percent from the $1.11 million that the maker of asthma and allergy drug Singulair, diabetes pill Januvia and cholesterol pills Vytorin and Zetia spent lobbying in the year-ago period.

Merck, based in Whitehouse Station, N.J., leapfrogged to become the world's second-biggest drugmaker with its $41 billion purchase of Schering-Plough Corp. in November.

Merck lobbied on multiple health care issues, including supporting additional coverage for uninsured people, having public-private partnerships involved in research comparing the effectiveness of different medical treatments, and providing coverage for preventive services including immunizations.

It specifically supported increased funding for the National Immunization Program for low-income children and access to vaccines for adults under Medicare. Merck, a pioneer in vaccines, sells nearly every shot recommended for both children and adults.

Merck lobbied against allowing cheaper prescription drugs to be imported back into the U.S. from other countries, except by the drug's manufacturer, a hot issue in this year's debate over the health care overhaul; the White House says it still backs such imports. Merck also supported efforts to require that the government certify the safety and cost savings of drugs if reimportation is allowed.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MRK $55.18 -0.23%
AAPL $95.05 1.50%
FB $118.07 -0.42%
GOOG $695.33 -0.41%
TSLA $236.45 -2.20%


Chart of I:DJI
DOW 17,737.89 -153.27 -0.86%
S&P 500 2,061.91 -19.52 -0.94%
NASDAQ 4,767.95 -49.6440 -1.03%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs