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Merck’s Vioxx $4.85 billion payouts to begin in August

Sunday, July 27, 2008

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Merck & Company will begin funding cto resolve state and federal claims over its painkiller Vioxx.  The first payment of $500 million is scheduled for August 6; additional payments will follow.  Merck said it met its threshold to make these payouts and waived its right to walk away from last November’s agreement to settle roughly [...]

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