Merck Pricing Investigated in China and 2 Other Dow Movers To Watch
Merck & Co. (NYSE:MRK): Current price $47.20
The National Development and Reform Commission in China is examining costs and prices being charged by drugmakers including divisions of Merck and GlaxoSmithKline PLC; the overseas companies are being pressed by Beijing in regards to possible price-fixing, Reuters reports. The inquiry follows a separate look at instant milk powder, which has already forced price cuts. The commission is surveying output costs and prices charged at multiple foreign and Chinese drug firms.