Merck Pays $950M To Settle Vioxx Criminal And Civil Settlement

Wed, 11/23/2011 - 16:42 EDT - Seeking Alpha

By The Burrill Report: Merck (MRK) will pay $950 million to settle criminal and civil charges related to the improper promotion and marketing of the painkiller Vioxx. The U.S. Department of Justice say Merck will pay $321.6 million in criminal fines and $628.4 as part of a civil settlement. The company also pleaded guilty to a misdemeanor charge that it marketed Vioxx for off-label use. The Justice Department said the settlement resolves allegations that Merck made false, unproven, or misleading statements about Vioxx’s safety to increase sales and made false statements to Medicaid agencies about its safety. Merck said that the settlement clear its executive management from any implications that they were involved in the violations.A federal judge thwarted Novartis’ (NVS) bid to overturn a verdict in which a jury decided the company failed to adequately warn patients that its Zometa and Aredia bone-strengthening drugs may cause severe bone damage. The ruling, madeComplete Story »

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Merck to pay $950 million to settle U.S. Vioxx charge (Reuters)
Reuters - Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday.
Merck to pay $950 million to settle U.S. Vioxx charge
(Reuters) - Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller Vioxx for an unapproved use, the U.S.
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Merck Pays $950M To Settle Vioxx Criminal And Civil Settlement

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