Friday, November 25, 2011

Merck Pays $950 Millions In Fines

'It was announced on Tuesday that Merck will pay upwards of $950 million as a means of resolving investigations carried out regarding the company’s marketing tactics of their painkiller Vioxx.

The corrupt, profit-driven company is planning to pay $321.6 million in criminal fines while the remaining $628.4 million goes toward a civil settlement agreement.

Merck will also be pleading guilty to a misdemeanor charge due to false advertising and deceptive marketing tactics by marketing Vioxx as a treatment for rheumatoid arthritis – all without FDA approval. While the amount of money Merck must pay may seem rather large, the company makes billions of dollars selling their disease-riddled products.'

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