Merck Lawsuits Hurting The Consumers
Merck is currently dealing with lawsuits resulting in deaths from a drug Vioxx that was recently pulled from the shelves. This being one of the reasons for their recent 7,000 job layoffs and after 6,000 more lawsuits to go more people are going to feel the effects. Everyone wants a claim on Merck's money and they want to give Merck 'what they deserve'. But after so many lawsuits the payouts are going to be coming out of their research and development fund. Meaning no more money to find better prescription medicines to treat illness. Also, this may lead to further job cuts and it has already driven their stock prices down 70%. Point of the story is, these lawsuits are going to effect more than just Merck, it's going to effect the consumers as well.
Posted by Bree at 11/23/2005 01:25:00 PM