Event

Vioxx withdrawal and settlement

Merck withdrew Vioxx on 30 September 2004 and in November 2007 agreed to pay $4.85 billion to settle most U.S. suits, without admitting fault.

3 links, 0 backed by primary records

Connections 3

Merck agreed to pay $4.85 billion; said it was not admitting fault Scholarship & press 1
Vioxx the drug at issue Scholarship & press 1
Merck had won 10 of 15 court verdicts by November 2007, per the AP Scholarship & press 1

Timeline 1 date

Proof 1 source

Merck Settles Vioxx Lawsuits for $4.85 Billion Without Admitting Fault (AP, via Insurance Journal), The Associated Press, via Insurance Journal, 12 Nov 2007. Scholarship & press
Merck stressed that the agreement is not a class action settlement and that it is not admitting fault.
Merck & Co. said last Friday it will pay $4.85 billion to end thousands of lawsuits over its painkiller Vioxx in what is believed to be the largest drug settlement ever.
Merck may now have put the uncertainty of millions of dollars in legal costs behind it, though it has been fairly successful fighting cases individually, winning 10 of 15 court verdicts to date.

Page history 1 change