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Originally published Tuesday, May 4, 2010 at 12:54 PM

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Summary Box: Drugmakers Pfizer, Merck post good Q1

TOPPING EXPECTATIONS: Drug giants Pfizer Inc. and Merck & Co. outdid analysts' first-quarter expectations by 7 cents or more per share, despite $2 billion-plus costs for integrating last fall's huge acquisitions.

The Associated Press

TOPPING EXPECTATIONS: Drug giants Pfizer Inc. and Merck & Co. outdid analysts' first-quarter expectations by 7 cents or more per share, despite $2 billion-plus costs for integrating last fall's huge acquisitions.

OTHER FACTORS: Both companies got billions in new revenue from their purchases - Pfizer bought Wyeth and Merck bought Schering-Plough Corp. - plus nice boosts from favorable exchange rates. But they see many millions in costs related to the health-care overhaul.

COMING UP: Both gave upbeat forecasts for 2010 and beyond, citing drugs in development, emerging-market sales and more.

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