KENILWORTH, N.J., June 12 /PRNewswire-FirstCall/ -- Schering-Plough Corporation will provide a live audio webcast of a presentation by Robert J. Bertolini, executive vice president and chief financial officer, at the Goldman Sachs 28th Annual Global Healthcare Conference in Dana Point, Calif., on Thursday, June 14, beginning at approximately 9:20 a.m. (PDT) (12:20 p.m., EDT).
Bertolini will be speaking on the company's financial performance and the planned acquisition of Organon BioSciences. He may also reiterate the company's outlook, as previously stated in April 2007 in reporting first quarter 2007 financial results, on the following:
-- Sales of VYTORIN and ZETIA are expected to grow in 2007; -- Growth rate for net sales is expected to moderate in the remaining quarters of 2007; -- Gross margin for the full year of 2007 is expected to improve versus 2006, primarily as a result of annual cost savings from manufacturing streamlining actions taken in 2006; -- R&D expenses are expected to continue to grow faster than adjusted net sales in the remainder of 2007; and -- Full-year 2007 tax rate is expected to be in the mid-to-high teens.
A live audio webcast of the presentation will be available by going to the Investor Relations section of the Schering-Plough corporate Web site, http://www.schering-plough.com, and clicking on the "Presentations/Webcasts" link. A replay of the webcast will be available later that day.
Schering-Plough is a global science-based health care company with leading prescription, consumer and animal health products. Through internal research and collaborations with partners, Schering-Plough discovers, develops, manufactures and markets advanced drug therapies to meet important medical needs. Schering-Plough's vision is to earn the trust of the physicians, patients and customers served by its approximately 33,500 people around the world. The company is based in Kenilworth, N.J., and its Web site is http://www.schering-plough.com.
Schering-Plough CorporationCONTACT: Fred Malley of Schering-Plough Corporation, +1-908-298-7428, orInvestors, Alex Kelly, +1-908-298-7436
Web site: http://www.schering-plough.com/
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