Merck, Schering agree to $41.5 million settlement of Vytorin, Zetia suits.

Wayne Parsons
Attorney
(866) 735-1102 Ext 585
Visit Wayne Parsons on FacebookVisit Wayne Parsons on LinkedIn
Posted by Wayne ParsonsAugust 06, 2009 5:26 PM

The New York Times (8/6, B4, Shih) reports, "Merck and Schering-Plough agreed Wednesday to pay $41.5 million to settle class-action lawsuits that accused them of withholding unfavorable results of a clinical trial of the cholesterol drugs Vytorin [ezetimibe and simvastatin] and Zetia [ezetimibe]." In January 2008, the companies "released a study -- completed nearly two years earlier -- that showed that the medicines, the work of a joint venture, were no more effective in unclogging arteries than a pre-existing and less expensive cholesterol treatment." The agreement "resolves more than 140 claims filed by consumers and insurers who bought, used or paid money toward the purchase of Vytorin and Zetia."

The Wall Street Journal (8/6, Loftus) reports, "Some suits alleged the drugs caused personal injuries, or sought a court order that the companies pay for medical monitoring of users and drugs." For their part, "the companies have said data-quality problems with the study required repeated analyses, and that top company officials didn't know the results until shortly before they were released." Merck and Schering also "agreed to pay $5.4 million and comply with certain rules" last month, settling "a probe by 35 US states and the District of Columbia into whether their handling of the...study violated consumer-protection laws."

But, the companies "did not acknowledge any wrongdoing or liability as part of the settlement," the AP (8/5, Johnson) reported. Bruce N. Kuhlik, executive vice president and general counsel at Merck, noted that "these agreements will allow the companies to avoid continuing defense costs and remain focused on discovering, developing, and delivering novel medicines and vaccines." Currently, "Merck is in the midst of a $41.1 billion buyout of" Schering in a deal that is "set to close in the fourth quarter."

0 Comments

Have an opinion about this post? Please consider leaving a comment or subscribing to the feed to have future articles delivered to your feed reader.

Comments for this article are closed.

Subscribe to InjuryBoard Honolulu

InjuryBoard Honolulu RSS Feeds

Keep up with the latest updates using your favorite RSS reader

Injury Board Honolulu is brought to you by Wayne Parsons Law Offices

Legal Assistance Center

More Info
Wayne Parsons Law Offices (866) 735-1102 Ext 585 www.wayneparsons.com
google
Personal Injury Lawyers Serving: Oahu, Maui, Hawaii, Kauai, Lanai
1406 Colburn St.Suite 201-C, Honolulu, Hawaii 96817 [ Show Map ]
Better Business Bureau Accredited Business Confidential

Your question will be referred to an attorney near you. If your question is of a legal nature, then by submitting this form you agree you are not forming a formal attorney / client relationship. Read our full privacy policy.

Looking for an InjuryBoard attorney closer to home? Click here.

Subscribe to Blog Updates

Enter your email address if you would like to receive email notifications when comments are made on this post.

Email address