Pfizer to pay $67.5 million in investor lawsuit over Pristiq
NEW YORK (Reuters) - Pfizer Inc agreed to pay $67.5 million to settle a class-action lawsuit by former Wyeth Inc shareholders who said they were misled about risks associated with the antidepressant Pristiq. The all-cash settlement was disclosed on Friday, one month after Pfizer agreed to pay $164 million to settle a separate lawsuit accusing it of misleading investors about clinical trial results for the arthritis drug Celebrex. Wyeth shares lost more than $7.6 billion of market value on July 24, 2007, after the company said the U.S. ...
Source: news.yahoo.com
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