Merck wins reversal of Vioxx class-action status
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Merck & Co Inc  said on Thursday the New Jersey Supreme Court has reversed a lower court ruling that granted nationwide class-action status to insurers seeking reimbursement for past spending on Vioxx, the drugmaker's withdrawn arthritis treatment.
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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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NEW YORK - Merck &amp; Co.&#39;s decision to pull its Vioxx anti-arthritis drug from the markets because of severe side effects left the pharmaceutical sector mixed Thursday.
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Some large health insurers are feeling vindicated after Merck&#39;s decision to withdraw its painkiller Vioxx from the market because long-term use raises the risk of heart attack or stroke.
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A New Jersey jury on Monday ordered  Merck & Co.  to pay $27.5 million in punitive damages  after finding that the drugmaker was willful and reckless in  promoting arthritis medicine Vioxx, which has since been  withdrawn.
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A federal judge overturned a $50   million award handed down by a jury against Merck & Co. Inc.   MRK.N earlier this month in a case of a former FBI agent who   had blamed the withdrawn painkiller Vioxx for his heart attack.
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TRENTON, N.J. -- A federal court invalidated the patent yesterday for Merck &amp; Co.'s second-largest-selling drug, the blockbuster osteoporosis treatment Fosamax, in a decision that offers millions of patients hope for a cheaper version sooner, but darkens the company's already clouded outlook.
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WHAT a pill Vioxx turned out to be for Merck. Between 50 cents and 60 cents a share were lopped off expected earnings this year after the US pharmaceutical giant gave up defending its painkiller in public
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A US federal judge refused to allow a class-action lawsuit to proceed against Merck for health problems linked to its Vioxx pain medication, in a major victory for the pharmaceutical giant.
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A New Jersey jury on Monday ordered Merck & Co.  to pay $27.5 million in punitive damages after finding that the drugmaker was willful and reckless in promoting arthritis medicine Vioxx, which has since been withdrawn.
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Merck & Co Inc. MRK.N on Thursday  pulled its arthritis drug Vioxx off the market after a study  showed it doubled the risk of heart attack and stroke, a move  that sent its shares plunging and erased $25 billion from its  market value.
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ATLANTIC CITY, New Jersey  - A New Jersey judge backed a jury's verdict that Merck & Co. properly warned doctors of the safety risks associated with its Vioxx painkiller prior to a Vioxx user's fatal heart attack, a court official said on Monday.
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Merck &amp; Co.'s decision to pull its widely prescribed drug Vioxx off the shelves yesterday because of a risk of stroke and heart attacks marked a new low for a pharmaceutical company that has suffered a steady decline in both market position and prestige over the last decade.
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The withdrawal of Merck &amp; Co. Inc.&#39;s arthritis drug Vioxx will make it harder for drug companies to win approval for products aimed at big patient populations as regulators
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NEW YORK - The withdrawal of the arthritis drug Vioxx two weeks ago was a disaster for Merck. But it also put rival Pfizer in a fix.
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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 Wednesday.
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A judge ruled that federal lawsuits claiming death or injury from the drug Vioxx cannot be pooled into one national class action.