Merck Set Fifth Consecutive New High For Year Friday

Posted on: Mon, 23 Nov 2009 08:48:00 EST

Symbols: MRK

(RTTNews) - Merck & Co. (MRK | Quote | Chart | News | PowerRating) announced Friday morning that the Committee for Medicinal Products for Human Use of the European Medicines Agency recommended approval of ELONVA, as a treatment in controlled ovarian stimulation in combination with a GnRH antagonist for the development of multiple follicles in women participating in an assisted reproductive technology program.

Merck & Co. rose during the first half hour of trade Friday and took out the highs of the session around mid-afternoon. Shares finished higher by $1.13 at $36.46. The stock has been on an upward trend for over 2 weeks and set its fifth consecutive new high for the year.

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