Merck & Co to pay $950 million for illegal marketing of Vioxx
US pharma giant Merck & Co (NYSE: MRK) has agreed to pay $950 million to resolve criminal charges and civil claims related to its promotion and marketing of the painkiller Vioxx (rofecoxib), which was withdrawn from the market in September 2004, the Justice Department and the drugmaker announced yesterday. Merck shares dipped just less than 1% to $33.81, in a downturned US market.
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