The Internal Revenue Service (IRS) and drug manufacturer Merck Pharmaceuticals reached a $2.3 billion agreement on Wednesday that will settle all outstanding tax disputes from 1993 to 2006. According to an IRS statement, the settlement,...
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A jury in California could not reach a decision on the third of a series of questions on a verdict form in the consolidated cases of two men who blamed their heart attacks on the painkiller Vioxx [JURIST news...
An Alabama jury returned a verdict in favor of pharmaceutical giant Merck & Co. on Friday, concluding that the drug Vioxx did not cause the plaintiff in the case to suffer a heart attack....
A federal jury in New Orleans returned a verdict in favor of pharmaceutical giant Merck Wednesday, concluding that the company did not fail to adequately warn a Tennessee man's doctors about risks associated with...
A civil court in Berlin Wednesday dismissed two claims against a German distributor of the drug Vioxx , manufactured by US pharmaceutical firm Merck & Co. , citing plaintiffs' failures in both cases to demonstrate a...
IRS, GlaxoSmithKline reach largest ever tax settlement in transfer pricing dispute
GlaxoSmithKline (GSK) has agreed to pay $3.4 billion to settle Internal Revenue Service claims in what the IRS calls "the largest tax dispute in the history of the Internal Revenue Service." According...
A New Jersey state court on Thursday vacated a November verdict finding Merck not liable for the heart attack of Frederick Humeston, who suffered a heart attack in September 2001 after taking Merck's painkiller Vioxx [Merck Vioxx...
A federal jury in New Orleans on Thursday found Merck negligent for failing to warn doctors about the risks associated with taking the painkiller Vioxx and found that Merck...
Senators question FDA nominee about timing of Plan B announcement
Democratic senators criticized the acting director of the US Food and Drug Administration Tuesday for the timing of the agency's announcement that it would reconsider allowing some over-the-counter sales of emergency contraception. Monday's surprise announcement [FDA press...
A Chinese court has overturned a 2004 decision by the country's patent review board allowing Chinese drug companies to sell counterfeit versions of the Pfizer drug Viagra , upholding Pfizer's patent and signaling China's intent to...
