BUSINESS
October 1, 2004 | Walter Hamilton, Times Staff Writer
Merck & Co.'s surprise decision Thursday to yank its Vioxx arthritis drug off the market socked investors across the country, who for decades considered its shares to be among the safest on Wall Street. The company lost almost $27 billion in market value -- more than the entire value of Ford Motor Co. -- after Merck disclosed that its blockbuster arthritis drug doubles the risk of a heart attack among patients taking it for 18 months or longer.
BUSINESS
July 11, 2005 | Dana Calvo, Special to The Times
Carol Ernst says Merck & Co. knew its pain reliever Vioxx was potentially deadly when it sold the drug to her husband, and today she is expected to become the first in a long line of plaintiffs to take the giant pharmaceutical company to trial. Robert Ernst, an exercise fanatic who took Vioxx daily for chronic hand pain, died suddenly in his sleep four years ago. He was 59.
SCIENCE
January 25, 2005 | Thomas H. Maugh II, Times Staff Writer
A report on Vioxx risks previously blocked by the Food and Drug Administration was published online Monday after the agency withdrew its opposition. The study found that as many as 140,000 cases of heart disease in the United States and as many as 56,000 deaths were caused by the painkiller during the five years that it was on the market. The study's findings were announced in August at a medical meeting in France and in a Nov. 18 Senate hearing by its lead author, Dr. David J.
BUSINESS
June 28, 2006 | From Bloomberg News
Merck & Co. showed a "careless disregard" for users of the painkiller Vioxx, a lawyer for a construction manager suing the company told jurors Tuesday in the first California trial over the drug. Merck knew Vioxx would cause "massive, terrible side effects and they didn't tell anybody," attorney Thomas Girardi said in opening statements in Los Angeles County Superior Court. He said his client, Stewart Grossberg, 71, survived a heart attack after taking more than 200 Vioxx pills over two years.
BUSINESS
July 8, 2005 | From Reuters
The Canadian government said Thursday that Merck & Co. would have to reapply to market its arthritis drug Vioxx again, but it saw no reason not to approve the application. Speaking after an advisory panel recommended allowing Vioxx back on the market, Marc Berthiaume, the director of the federal health department's marketed pharmaceuticals division, said any application would be judged on its own merits.
NATIONAL
May 6, 2005 | Ricardo Alonso-Zaldivar, Times Staff Writer
Four years ago, as evidence mounted that Merck's blockbuster painkiller Vioxx could cause heart attacks, the company ordered its sales force not to discuss the emerging data with doctors, but instead to paint a reassuring picture of minimal risks, according to documents released Thursday at a congressional hearing. The documents open a window into the supercharged world of drug company marketing -- where gestures as small as a handshake were scripted to boost sales.