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Pfizer Must Pay $45M in Prempro Case
A state appeals court in Pennsylvania has sided with two women who filed suit against drugmaker Pfizer Inc. (NYSE: PFE) claiming that the company’s Prempro menopause drug caused their breast cancers. The award of $45 million will be split between the two complainants. Pfizer has set aside $840 million to pay claims against Prempro, which was linked to breast cancer in a 2002 study sponsored by the National Institutes of Health. So far the company has resolved about 46% of the litigation resulting from claims against the drug, which is still available. Prempro was developed and sold by Wyeth prior to... »