Thousands Sign On For Vioxx Settlement

The threshold of claimants necessary for a multi-billion dollar drug industry settlement to proceed will likely be reached, reports the Associated Press. A $4.5 billion deal was hammered out to settle claims associated with Vioxx, an anti-inflammatory drug made by Merck. Merck had threatened to withdraw from the settlement if 85% of claimants did not sign on. The average payment to each claimant, who must have suffered a heart attack, stroke, or death in order to be eligible, will probably exceed $200,000. The AP reports that Merck has not admitted any wrongdoing in the settlement.

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.