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Merck Loses in Texas

Stock quotes in this article: MRK  

Updated from 2:53 p.m.

A Texas jury handed Merck (MRK Quote) a big setback in the first civil lawsuit over its Vioxx painkiller.

The jury in Angleton, Texas, ruled after deliberating the case for two days that Merck was negligent in its marketing of the drug and liable for the death of a 59-year-old man. The jury awarded the plaintiffs more than $200 million in damages. Merck said it would appeal, but shares of the big New Jersey drug firm dropped 7% on news of the damage award. ...

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