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Drug Company's Greed Coming Around to Bite Them

  • November 14, 2004

Merck faces not only Congressional and Justice Department investigations, but also potentially thousands of personal-injury lawsuits that could tie the company up in litigation for years to resolve as a result of how it dealt with Vioxx. So how bad might this get for once-mighty Merck? While it's impossible to say precisely what the Vioxx debacle will cost the drugmaker, analysts' estimates range from a few billion dollars to nearly $20 billion. For now, Wall Street and some plaintiffs'...