Merck Agrees To Pay $4.85 Billion To Settle Vioxx Claims - A Bargain For The Company

To settle claims that it concealed the health risks of Vioxx, a painkiller, Merck & Co. has agreed to pay $4.85 billion. This should deal with approximately 95% of all the lawsuits related to Vioxx, says the company. The money will be divided into a settlement fund of $4 billion for patients who suffered a heart attack while receiving Vioxx, and $850 million for those who had strokes. Many business analysts are surprised at this move by Merck. [click link for full article]

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Filed under: Medical Malpractice / Litigation on November 11th, 2007