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Merck & Co., Inc. (MRK) to Pay $950 Million in Vioxx Settlement


11/22/2011 3:04:11 PM

Merck & Co. Inc. will pay $950 million to settle criminal and civil charges that it illegally promoted the painkiller Vioxx, the Justice Department announced Tuesday. The department said Merck will plead guilty to a misdemeanor offense and pay a $321.6 million criminal fine. The company is entering into a civil settlement in which it will pay $628 million to resolve additional allegations regarding off-label marketing of Vioxx and false statements about the drug's cardiovascular safety, the department said. The plea and settlement resolve a long-running investigation into Merck's marketing of Vioxx, which was withdrawn from the market in 2004.

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