Vioxx causing investment jitters
From MSNBC:NEWARK, N.J. (AP) - Although a New Jersey jury spared Merck & Co. a double hit to the pocketbook, analysts are concerned that its negative findings on the marketing of Vioxx could continue to hurt the company as it defends itself against almost 10,000 lawsuits filed by users of the now-pulled arthritis drug.
Merck's Achilles heel appears to be judgments that it failed to warn that Vioxx could cause heart attacks, lawyers and analysts said Thursday, a day after the jury gave a split verdict to two longtime Vioxx users who survived heart attacks.
However, Alan Klein, a lawyer who has defended another drug maker, said the outcome validated Merck's strategy of handling the litigation case by case, rather than settling, and would prompt some people to drop their lawsuits.
posted by nattietodd @ 7:46 AM
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