Today Merck and company offered 4.85 billion dollars to settle thousands of lawsuits over their drug Vioxx, a pain killer drug, which was pulled off the market 2004 due to the fact that research showed to double the risk of heart attack and stroke in some users. Merck claims that this is not a class action settlement, nor is it admitting fault, but that this is a change in strategy to try save billions of dollars in litigation fees and to ensure that those harmed receive adequate compensation.
Source: NPR Radio
Thought this was interesting considering Merck is the third largest drug producer in the US and we were just talk about who was responsible when things went wrong with drugs and vaccines on the market...
-Raquel
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