medicine

Merck Paying $950 Million To Settle Vioxx Criminal Allegations

November 23, 2011
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“Merck & Co. agreed to pay $950 million and plead guilty to a criminal misdemeanor charge to resolve government allegations that the company illegally promoted its former painkiller Vioxx and deceived the government about the drug’s safety,” according to the Wall Street Journal. “The settlement of a seven-year U.S. government investigation brings Merck closer...

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Avastin as Breast Cancer Drug Removed By FDA

November 18, 2011
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The New York Times reported that the Food and Drug Administration announced Friday that it was revoking its approval of the drug Avastin for breast cancer after concluding that it “has not been shown to be safe and effective for that use.” Avastin, made by the pharmaceutical company Roche, will remain an approved treatment...

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