Merck & Co reports on Vioxx law suits

10 March 2008

US drug major Merck & Co says that more than 44,000 of around 47,000 individuals who registered eligible injuries from the firm's COX-2 inhibitor Vioxx (rofecoxib; Marketletters passim) have submitted some or all of the materials required for enrollment that could qualify them for an interim payment in the program to resolve state and federal myocardial infarction and ischemic stroke claims filed against the company in the USA.

If all of these suitable submissions are completed in accordance with the settlement agreement, this would represent more than 93% of the eligible MI and IS claims previously registered with the program. In addition, approximately 5,000 other claimants have sought to enroll and their eligibility status still has to be determined.If the threshold for enrollment documents is met, which now looks likely, Merck will be obligated to pay $4.85 billion in installments into the resolution fund.

This article is accessible to registered users, to continue reading please register for free.  A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Login to your account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK



Company News Directory



Companies featured in this story

More ones to watch >




Today's issue

Company Spotlight