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Insurers Reach $80 Million Settlement with Merck over Vioxx
Third party payers, unions and other private groups have reached an $80 million settlement in their class action against Merck, the maker of Vioxx.
The suit alleged that they parties would not have covered the cost of the drug had they known about the associated health risks specifically cardiovascular events.
Merck reportedly still faces hundreds of lawsuits filed by patients alleging they suffered harm from taking the pain killer.
AUGUST-03-09: Merck, insurance plans settle Vioxx suits for $80M [AP: MERCK, INSURANCE PLANS SETTLE VIOXX SUITS]
Published on Aug-3-09
The suit alleged that they parties would not have covered the cost of the drug had they known about the associated health risks specifically cardiovascular events.
Merck reportedly still faces hundreds of lawsuits filed by patients alleging they suffered harm from taking the pain killer.
AUGUST-03-09: Merck, insurance plans settle Vioxx suits for $80M [AP: MERCK, INSURANCE PLANS SETTLE VIOXX SUITS]
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