Pfizer Settles Nearly 2,900 Chantix Suits For About $300 Million

FLORENCE, Alabama - All of the nearly 2,900 lawsuits claiming pharmaceutical giant Pfizer Inc.'s smoking cessation drug Chantix triggered suicidal thoughts and other psychological problems in patients have been settled - for about $300 million - so the nationwide litigation should now be dismissed, a federal judge in Alabama ruled Monday.

Despite the end to those lawsuits, Pfizer next week will continue its fight with the U.S. Food and Drug Administration for a less severe warning label for Chantix.

U.S. District Court Judge Inge Johnson on Monday held the final status conference in the litigation at the federal courthouse in Florence.

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