Merck Set To Pay $4.85 Billion To Settle On Vioxx Lawsuits
The maker of Vioxx has agreed to pay $4.85bn to settle legal claims that the controversial drug caused many users to suffer strokes and heart failure.
Holy Potatoes is what I have to say. But I guess it could have been far worse when you really stop and think about it. In order to qualify for compensation you must prove that you suffered serious illness at the most 2 weeks after you purchased the drug.
The above amount of money will be able to settle over 90% of Vioxx lawsuits with the exception of class action suits. Like I said, it could have been worse for Merck.
via Science Daily
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1 opinion for Merck Set To Pay $4.85 Billion To Settle On Vioxx Lawsuits
Cozmo
Nov 13, 2007 at 7:14 am
Holy moly that’s a lot of money. The sad thing is you know they still probably made a lot of cash.
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