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Schering-Plough SGP (news,
chart,
quote) - SGP volatility Elevated at 58 into Clinical study
SGP is recently at $15.21 in pre-open trading, below its close of $19.47. A panel of cardiologists called on physicians to sharply curtail their use of cholesterol-lowering drugs Vytorin (combination of MRK's Zocor an SGP's Zetia) and Zetia after a clinical study showed the drugs didn't work better than less expensive statin drugs. SGP April option implied volatility of 58 is above is 6-month average of 36 according to Track Data.
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