Tens of thousands of former Vioxx users sued Merck after it withdrew the drug, alleging Vioxx had caused them to suffer heart attacks and strokes. Frazier, then the company?s general counsel, declared Merck had done nothing wrong and refused to settle. ?We?ll fight every case,? he declared, and hired top-flight law firms in several East Coast cities, in the South, in Chicago, and Los Angeles, as well as a prominent New York firm to coordinate the overall strategy. It took three years and $2 billion in legal expenses for Frazier?s hard-nosed tactics to pay off. Merck settled in late 2007 for a relative pittance, resolving some 50,000 Vioxx cases for just under $5 billion. It was a far cry from the $25 billion to $50 billion in liability that analysts had predicted when Merck withdrew the drug.
Source: http://feeds.slate.com/click.phdo?i=e6d0001a1c303f026b1b8e80c1ac1dec
topamax lexapro trazodone voting sharon bialek call of duty elite dragonfly
No comments:
Post a Comment