After Vioxx Withdrawal, First Thing For Merck Is Paying The Lawyers
This article was originally published in The Pink Sheet Daily
Executive Summary
Merck increases reserve for legal defense costs related to Vioxx by $604 mil., bringing the total to $675 mil.; the company has not yet established a reserve to cover potential liability. A hearing to consolidate pretrial motions to a single federal judge is scheduled for Jan. 27.