DARMSTADT, Germany, July 8 /PRNewswire/ -- Merck KGaA, in response to
numerous media inquiries, wishes to clarify that it has no connection with
Merck & Co. of Whitehouse Station, New Jersey, or its subsidiary Medco Health
Solutions Inc. The media questions concerned a Merck & Co. filing with the
U.S. Securities and Exchange Commission (SEC) regarding Medco's accounting
procedures.
The historic roots of both companies are the same and began in Darmstadt,
Germany, more than 333 years ago. As the business grew into a pharmaceutical
company, a Merck branch was founded in New York in 1891. This branch was
confiscated by the U.S. government during World War I and in 1917 became the
independent company Merck & Co., Inc. The two companies are no longer
associated with each other but still share the same name. Merck KGaA owns
world-wide rights to the name except in North America, where it uses EMD.
Merck & Co., Inc., uses the name in North America and MSD in the rest of the
world.
All Merck Press Releases are distributed by e-mail at the same time they
become available on the Merck Website. Please go to
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discontinue this service. In case of questions, please contact the Media
Hotline at: +49 (0)6151 72 5000.
With more than 34,000 employees in 55 countries, the Merck Group generated
sales of EUR 7.5 billion in 2001. Founded in 1668 in Darmstadt, Germany, the
company aims to be a world leader within its core businesses of
pharmaceuticals and chemicals. The Merck Group strongly believes the key to
its long-term business success is innovative products created by
entrepreneurial and talented employees. Merck groups its operating activities
under Merck KGaA, in which the Merck family holds 74% and the remaining 26% is
publicly traded. The former U.S. subsidiary, Merck & Co., has been a
completely independent company since 1917.
SOURCE Merck KGaA
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Related links:
http://www.merck.de
CONTACT:
Phyllis Carter of Merck KGaA,
+49-(0)-61-51-72-7144
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