Vioxx Settlement Reached for $4.85 Billion

According to the Philadelphia Daily News, drug giant Merck has agreed to a $4.85 billion settlement to be paid out to former users of Vioxx, a painkiller found to have serious cardiovascular side effects. Almost 50,000 claimants are expected to receive payouts ranging from $5,000 to several million dollars. The former blockbuster drug brought in a total of $11 billion before reports of heart problems culminated in its withdrawal from the market in 2004. The Philadelphia Daily News reports that Merck has spent $6.8 billion on Vioxx-related lawsuits.

 

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 Email (will not be published)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.