Merck hit with $27.5 mln in Vioxx punitive damages
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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after finding that the drugmaker was willful and reckless in  promoting arthritis medicine Vioxx, which has since been  withdrawn.
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NEW YORK -- Already wounded by the withdrawal of its Vioxx pain reliever from the market, Merck &amp; Co. must now contend with hundreds of lawsuits over the drug's side effects -- lawsuits that threaten to further damage the company's finances and reputation.
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MONTREAL : A consumer group in Quebec has sued the pharmaceutical firm Merck in Canada, charging that it kept its pain and arthritis drug Vioxx on the market despite the risk of strokes and heart attacks.
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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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BIRMINGHAM, Alabama  - Merck & Co. scored its second swift victory this week in a Vioxx product liability trial when an Alabama jury found on Friday it did not hide health risks associated with its withdrawn arthritis drug or knowingly market a faulty product.
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Shares in Merck, the US pharmaceuticals giant, plunged by almost 27 per cent yesterday after the company withdrew Vioxx, its $2.5bn (Â£1.
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TORONTO (CP) - 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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Drug giant Merck pulled its painkiller Vioxx because it increased the risk of heart attacks and strokes. Now the company may face thousands of lawsuits.
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NEW YORK - Already wounded by the withdrawal of its Vioxx pain reliever from the market, Merck &amp; Co. must now contend with hundreds of lawsuits over the drug&#39;s side effects - lawsuits that threaten to further damage the company&#39;s finances and reputation.
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Merck said it earned $1.68 billion, or 77 cents per share, compared with $1.50 billion, or 69 cents per share, a year earlier.
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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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Description: Drug maker Merck knew about the health risks of taking the pain medication Vioxx long before it pulled the drug from the market, The Wall Street Journal reports.
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NEW YORK -- Merck &amp; Co.'s campaign to defend itself in the wake of the recall of the pain reliever Vioxx intensified last week, as it placed a package of three full-page ads in seven prominent newspapers beginning last Friday. That follows several television appearances, as well as testimony before Congress by the company's chief executive.
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The withdrawal of painkiller Vioxx will reduce 2005 earnings of Merck &amp; Co. Inc. to between $2.42 and $2.52 a share, below the already diminished expectations of Wall Street analysts, the huge drug maker said Wednesday.
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MERCK faces a fresh barrage of lawsuits over its Vioxx arthritis drug that together could cost it as much as $18 billion (Â£9.8 billion) as hundreds of lawyers from across America will next week team up for a combined attack on the embattled drug
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By Rosie Murray-West, City Correspondent (Filed: 01/10/2004). US pharmaceutical giant Merck lost about a quarter of its value yesterday after it pulled arthritis drug Vioxx owing to concerns over heart attacks as a side-effect.
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ATLANTIC CITY, New Jersey  - A New Jersey jury found on Friday that Merck & Co.  failed to provide adequate warnings about health risks tied to its withdrawn arthritis drug Vioxx in one case, but decided that it gave adequate warning in another in two suits tried simultaneously.