Maker of OxyContin Reaches Settlement With West Virginia
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The agreement between Purdue Pharma and West Virginia regulators involves a $10 million sum paid to drug abuse and education programs.
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Genzyme Corp. of Cambridge, Mass., agreed Thursday to buy back the sales and marketing rights for Synvisc, a pain treatment for people suffering from osteoarthritis of the knee, from Wyeth Pharmaceuticals of Collegeville, Pa.
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Drugmaker Wyeth  has reached a tentative framework with a group of plaintiffs' lawyers to settle nearly all remaining liability cases stemming from allegations that some of its diet drugs damaged heart valves, the Wall Street Journal reported on Tuesday, citing people familiar with the negotiations.
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More than 3,000 former users of Merck & Co's withdrawn Vioxx pain drug have already signed up to take part in a $4.85 billion settlement deal that a federal judge on Friday declared was in the best interests of both sides.
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British pharmaceutical group GlaxoSmithKline said it had agreed to pay the US Treasury about 3.1 billion dollars (2.44 billion euros) after settling out of court a long-running tax dispute.
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Pfizer, the world&#39;s largest drug maker, agreed Friday to pay $430 million to resolve personal-injury claims against a subsidiary that sold products containing asbestos in the 1970s.
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A Virginia-based company has agreed to settle charges that it illegally sold confidential phone records, but federal law only allowed the government to collect $2,700, U.S. regulators said on Thursday.
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ABINGDON, Va. -- Purdue Pharma LP, the maker of OxyContin, and three of its executives were ordered yesterday to pay a $634.5 million fine for misleading the public about the painkiller's risk of addiction.
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CHICAGO -- After a decade-long court fight, printing giant RR Donnelley &amp; Sons Co. has agreed to pay $15 million to settle a race discrimination lawsuit filed by black workers at a now-closed plant.
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Nov. 16, 2004âStarting this week, US pharmaceutical company Purdue Pharma will begin adding an RFID label to every 100-tablet bottle of the company&#39;s popular OxyContin pain reliever tablets to be shipped to Wal-Mart and drug wholesaler HD Smith.
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HOUSTON - BP PLC has agreed to settle claims by four victims of an explosion in 2005 at its Texas refinery, ending the first trial over the disaster. The terms weren't disclosed.
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Flash memory vendors reach a settlement in their patent dispute and sign a cross-licensing deal.
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By John Reid Blackwell, Richmond Times-Dispatch, Va.  May 25--ChemTreat Inc., a Henrico County-based company that is majority owned by its employees, has been acquired by a Fortune 500 company for $435 million.
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By Vicki Smith  A company planning to cut timber in sensitive parts of the scenic Cheat River Canyon has agreed to protect habitat for two federally endangered species and settle a 2005 lawsuit filed by three West Virginia environmental groups.
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The EU reached a settlement today of its long-running antitrust case against Coca-Cola under which the worldâs biggest soft drinks company agreed to change sales practices that helped it win roughly half of the market in Europe.
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Purdue Pharma LP has agreed to pay $10 million to the state to settle a lawsuit that accused the company of dishonestly marketing the painkiller OxyContin in West Virginia.
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By John Reid Blackwell, Richmond Times-Dispatch, Va.  Jun. 26--ChemTreat Inc., a Henrico County-based company that is majority owned by its employees, has been acquired by a Fortune 500 company for $435 million.