Tuesday, October 21, 2008

Pfizer Settles Bextra and Celebrex

From various sources:

Pfizer has announced that is has offered a total of $894 million to settle heart attacks, strokes, and other damages caused by its painkillers Bextra and Celebrex.

According to Pfizer, the settlement ends about 90 percent of the 7,000 personal injury lawsuits brought by those who were allegedly hurt by the painkillers.

The proposed settlement also would ends lawsuits filed by insurers and patients looking for reimbursement for the money they spent on Bextra and Celebrex, as well as claims by state attorneys general over Pfizer’s improper promotion of Bextra.

The AP link is here.