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Category: Mass Tort News

Vioxx Saga Not Yet Over

Defective Drugs

How much can one bad drug cost a company? Just ask Merck. When its painkiller drug Vioxx was pulled from the market in 2004, Merck was facing 27,000 lawsuits which culminated in a $4.85.8 billion settlement. Then last year the U.S Department of Justice reached a $950 million civil and […]

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Countdown to New Medical Device Tax

Defective Medical Devices

January first marks a new chapter for medical device manufacturers, who will be required to pay an excise tax of 2.3 percent on total revenues. Medical devices range from small stents and CT scans to pacemakers, defibrillators, metal hips and synthetic surgical mesh. The $125-billion-a-year industry complains it will be […]

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