Schering-Plough Corporation and Merck & Co., Inc. Provide Update on Distribution Agreement

KENILWORTH, N.J. & WHITEHOUSE STATION, N.J.--(BUSINESS WIRE)--Schering-Plough has been notified that Johnson & Johnson, as a result of the proposed merger between Schering-Plough and Merck, has initiated arbitration proceedings to resolve the parties' dispute over whether Johnson & Johnson can terminate the distribution agreement relating to Schering-Plough's rights to REMICADE and SIMPONI.

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