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Merck Agrees to $4.85 Billion Vioxx Settlement

HeadlineNov 09, 2007

In business news, the pharmaceutical company Merck has agreed to pay nearly $5 billion to settle 27,000 lawsuits over its drug Vioxx. Merck pulled Vioxx off the market in 2004 after a study showed the drug raised heart-attack risks.

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