This is most concerning as it's the third late-stage failure they've had in the past year.
More Quotes from Albert Rauch:
It certainly looks like Clark is willing to make tough decisions. I think eliminating 11 percent of the company is a big, major step for them. It will be really hard to maintain the corporate culture with so many positions being eliminated.Albert Rauch
It is still too early to know if (Merck) will be able to win cases on a consistent basis,
Albert Rauch
Each time they win, the stock will go up and each time they lose, it will go down, ... But this verdict shows that Merck's strategy of using solid science and medical information to defend themselves can work in certain situations.
Albert Rauch
The top line hasn't knocked your socks off, but certainly they've been good at controlling expenses.
Albert Rauch
Those are two big things to overcome and basically have double-digit growth when you experience that type of generic competition.
Albert Rauch
If you've misjudged what's happened in '05, how can you give guidance for '06 and '07 with any confidence.
Albert Rauch
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I prefer to explore the most intimate moments, the smaller, crystallized details we all hinge our lives on.
Rita Dove
Above all, we shall wage no more unilateral, ill-planned, ill-considered, and ill-prepared invasions of foreign countries that pose no actual threat to our security.
Theodore C. Sorensen
Don't fight a battle if you don't gain anything by winning.
Erwin Rommel