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Pfizer Inc. (PFE) Is Liable For Harm Caused By A Generic Rival: Court



8/18/2014 6:16:11 AM

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Should brand-name drug makers be held liable if consumers are harmed by a medicine made by a generic rival?

The Alabama Supreme Court believes the answer is yes. And the court has upheld its own controversial ruling that Pfizer PFE -0.31% can be sued by an Alabama man who claimed he was injured by a generic version of its Reglan heartburn medicine. Why? The brand-name drug maker purportedly failed to warn his physician about the risks.

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