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Biotech / Medical : Merck
MRK 100.95-0.9%12:23 PM EST

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To: pvz who wrote (1349)7/8/2002 10:27:41 AM
From: E  Read Replies (1) of 1580
 
Drug giant Merck & Co . recorded $12.4 billion in revenue from the company's pharmacy-benefits unit over the past three years that the subsidiary never actually collected...

Merck's Medco unit... included as part of its revenue the co -payments collected by pharmacies from patients, even though Medco doesn't receive those funds.


CNBC is going to cover the Merck accounting issue in the next 15 or 20 minutes.
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