LoginCreate an account

  Username: Password:
 
Home mySSlife Health Merck, Schering-Plough in $42M Vytorin settlement

Merck, Schering-Plough in $42M Vytorin settlement

E-mail Print PDF
User Rating: / 0
PoorBest 

NEW YORK (AP) — Drug developers Merck & Co. and Schering-Plough Corp. said Wednesday they will pay $41.5 million to settle a series of lawsuits claiming they delayed key study results on their cholesterol drug Vytorin because the data was unfavorable.

In January 2008, the companies released long-awaited study data showing Vytorin and Zetia were no more effective than Zocor, an older and less expensive cholesterol treatment at reducing plaque buildup in arteries. Zocor is combined with Zetia to make Vytorin.

The companies finished testing Vytorin in 2006 and the drug was given Food and Drug Administration approval based on its ability to lower cholesterol. Merck and Schering-Plough were criticized for not releasing the data earlier. Following the study results, sales of Vytorin sunk.

During the second quarter of 2009, combined sales of Vytorin and Zetia fell 10 percent to $1 billion.

Merck and Schering-Plough did not acknowledge any wrongdoing or liability as part of the settlement, which comes a month after a separate $5.4 million settlement with attorneys general from 35 states and the District of Columbia.

Whitehouse Station, N.J.-based Merck is in the midst of a $41.1 billion buyout of Schering-Plough.

"These agreements will allow the companies to avoid continuing defense costs and remain focused on discovering, developing and delivering novel medicines and vaccines," said Bruce N. Kuhlik, executive vice president and general counsel at Merck.

The company previously disclosed more than 140 lawsuits pending in federal court in New Jersey. The deal actually involves two settlements split with consumers and health plans. The consumer settlements still require court approval.

Charges for the settlement were included in the companies' second-quarter results for the cholesterol drug joint venture.

 

Copyright 2009 The Associated Press.

 

 
Sanjay Gupta MD (video)
Finally, straight answers about your health.
  • I want candy!
    For Halloween, CNN's Dr. Sanjay Gupta and CNN Eatocracy's Kat Kinsman talk candy nostalgia and the worst candy available.
  • Brother doctors freed from Iran, reunite
    Sanjay Gupta interviews two brothers, both doctors, who were imprisoned in Iran while treating HIV/AIDS patients.
  • The next killer virus
    CNN's Dr. Sanjay Gupta talks with virologist Nathan Wolfe about finding infectious diseases before they spread too far.
FOXNews.com
FOX News Network - We Report. You Decide.
  • Authorities in Sierra Leone end Ebola lockdown

    Authorities in Sierra Leone ended a three-day lockdown aimed at halting the spread of the Ebola virus Sunday, declaring the initiative a success. 

  • Sierra Leone reaches final day of Ebola lockdown

    Frustrated residents complained of food shortages in some neighborhoods of Sierra Leone's capital on Sunday as the country reached the third and final day of a sweeping, unprecedented lockdown designed to combat the deadly Ebola disease, volunteers said.

  • The science of sexual attraction

    If a naked female stands in front of a man, where do his eyes gaze first and why? What judgment can you make about a man based on his hands? The answers to these questions and more are probably not what you think.

  • Why I became a human guinea pig
    Earlier this week, Brian Shepherd sat down in a small doctor's office in Bethesda, Maryland. A technician swabbed his arm and gave him a quick jab with a needle.
  • 8 killed in Guinea town over Ebola fears
    They were traveling to raise awareness about the spread of the deadly Ebola virus. Instead, it seems, they encountered violence.
  • Sleep longer, dream weirder
    Here's a roundup of five medical studies published this week that might give you new insights into your health -they look at artificial sweeteners, our expanding waistlines, teen drug use, the intensity of dreams, and a new way to detect depression.

Search...

WebSite

mySSnews Login



User Menu