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Pfizer Settles Pain Drug Cases for $894M
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Pfizer (PFE Quote) said Friday that it has agreed to pay $894 million to resolve claims that pain drugs Bextra and Celebrex caused heart attacks and strokes.
Shares of the New York City-based company were off by 2.7% to $16.52 in recent trading.
The pharmaceutical giant said the payment will settle all of the personal injury cases, consumer fraud cases and state attorneys' general claims regarding its non-steroidal anti-inflammatory Bextra, which was taken off the market in 2005. ...
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