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Drugmaker Squibb Settles Antitrust Cases

By Snigdha Prakash

Published January 8, 2003 at 12:00 AM EST

Bristol-Myers Squibb agrees to pay $670 million to settle several lawsuits. The suits accused the pharmaceutical company of fraudulently restricting competitors from selling cheap copies of two of its best-selling drugs. NPR's Snigdha Prakash reports.

Snigdha Prakash

Pieces by National Desk reporter Snigdha Prakash can be heard on NPR's All Things Considered and Morning Edition. The majority of Snigdha's past reports have focused on topics related to entrepreneurship, business, banking and the economy.

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A correction published today on the New England Journal of Medicine's Web site undermines a key feature of Merck's defense against the thousands of lawsuits filed over its painkiller Vioxx.
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New data obtained by NPR about the painkiller Vioxx show that all patients who took the drug were at increased risk for heart attack, stroke and other complications -- even those who took it for short periods of time. About 20 million Americans are estimated to have taken Vioxx before it was withdrawn in 2004.