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Opko Health acquires emesis drug compounds from Schering-Plough

Posted on: Fri, 13 Nov 2009 09:55:00 EST

Symbols: SGP, MRK, OPK

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Nov 13, 2009 (Datamonitor via COMTEX) --
SGP | Quote | Chart | News | PowerRating -- Opko Health, a specialty healthcare company, has completed the acquisition of rolapitant and a related compound from Schering-Plough, a subsidiary of Merck & Co.

According to Opko Health, rolapitant, a neurokinin-1 receptor antagonist, recently completed Phase II clinical testing for prevention of nausea and vomiting related to cancer chemotherapy and surgery, and other indications.

The Phase I clinical testing has also been initiated for a second compound in the same class. It is anticipated that these compounds may have advantages over presently marketed products.

Phillip Frost, chairman and CEO of Opko Health, said: "We are pleased to complete the acquisition of these valuable assets from Schering, and we look forward to rapidly completing development of rolapitant, the most advanced project among the assets acquired."

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For full details on Schering-Plough Corp (SGP) SGP. Schering-Plough Corp (SGP) has Short Term PowerRatings at TradingMarkets. Details on Schering-Plough Corp (SGP) Short Term PowerRatings is available at This Link.

For full details on Merck & Co (MRK) MRK. Merck & Co (MRK) has Short Term PowerRatings at TradingMarkets. Details on Merck & Co (MRK) Short Term PowerRatings is available at This Link.

For full details on Opko Health Inc. (OPK) OPK. Opko Health Inc. (OPK) has Short Term PowerRatings at TradingMarkets. Details on Opko Health Inc. (OPK) Short Term PowerRatings is available at This Link.

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