Pfizer to Pay $894 Million to Settle Celebrex and Bextra Suits
Friday, October 17, 2008
Pharmaceutical giant Pfizer Inc. has announced it will pay $894 million to settle thousands of lawsuits brought by patients who took Celebrex and Bextra, two of the company’s controversial painkillers. The drugs, members of a family of painkillers called Cox-2 inhibitors, have been accused of causing fatal heart attacks and strokes in patients. Most of the settlement money, $745 million, will resolve 90% of the estimated 7,000 personal injury suits that are currently filed against Pfizer for Bextra and Celebrex injuries. The rest of the money will go to settle claims brought by attorneys general in 33 states and the…Continue » Posted in Dangerous Drugs