Merck loses key US Vioxx lawsuit
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US drugs giant Merck is to be fined an initial $20m in after losing a case brought by a user of its Vioxx painkiller.
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Drugs giant Merck and Co. shares plunged nearly 10 percent as the Wall Street Journal said the firm had fought for years to minimize the risks in its blockbuster pain drug Vioxx.
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Thousands of federal lawsuits claiming the drug Vioxx caused heart attacks and other conditions that killed or injured people cannot be pooled into one national class action, a judge ruled yesterday.
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WASHINGTON : Drugs giant Merck and Co.&#39;s shares slumped after the firm revealed civil and criminal investigations into the sale of its pain drug Vioxx.
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Merck &amp; Co. said on Thursday withdrew its arthritis drug Vioxx globally after a colon cancer trial confirmed long-standing concerns the drug raises the risk of heart attack and stroke.
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A New Jersey jury found on Monday that  Merck & Co. Inc.'s  withdrawn arthritis drug Vioxx was  responsible for a plaintiff's heart attack and it awarded $20  million in compensatory damages.
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The pension fund of New York State filed suit in federal court accusing Merck &amp; Company of misleading shareholders about the safety of its pain reliever, Vioxx, which has been withdrawn from the market.
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Merck posted a $1.63 billion fourth-quarter loss on Wednesday as  charges for its Vioxx litigation settlement dragged down results and share prices.
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Merck &amp; Co., the drug maker defending about 27,000 lawsuits filed by users of the painkiller Vioxx, was accused in a Canadian lawsuit of failing to warn consumers its bone drug Fosamax may damage jaw bones, a law firm said.
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An Oklahoma lawsuit filed on Thursday charges that Merck &amp; Co. misled patients about the safety of its arthritis drug. The case may signal many more such lawsuits against the drugmaker
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Merck, the US pharmaceutical giant forced to withdraw its Vioxx painkiller last year, has seen a drop in profits and had to add to its legal reserves.
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The main pension fund of New York State filed a federal lawsuit yesterday against Merck &amp; Company, accusing it of misleading shareholders about the safety of its arthritis pain drug Vioxx, which has since been withdrawn.
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New York State Comptroller Alan Hevesi sued Merck &amp; Co. over pension fund losses related to Vioxx, the painkiller pulled from the market on Sept.
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A jury on Thursday found  Merck &amp; Co.&#039;s  withdrawn pain medicine Vioxx was not a  substantial factor in the heart attack of a 68-year-old New  Jersey woman.
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TORONTO - A Toronto-based law firm filed another class-action lawsuit Friday against drug maker Merck and Co. Inc., the makers of the arthritis drug Vioxx.
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The pharmaceutical firm Merck faces a new class-action lawsuit in Canada, filed on behalf of two people who suffered heart attacks after taking the company's pain medication Vioxx, which was taken off the market worldwide because of such risks, plaintiffs' lawyers said.
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New Jersey Supreme Court rules against the possibility of a national class action Vioxx lawsuit.