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Pfizer to pay $894 million towards settlement of lawsuits

Pfizer to pay $894 million towards settlement of lawsuits

The world’s biggest drugmaker, Pfizer has paid $894 million towards the settlement of its most outstanding litigation around its two painkillers – Bextra and Celebrex - sparked by concerns that they caused heart attacks and strokes. According to Jayne Conroy, a plaintiffs’ attorney, the company faced about 8,000 lawsuits over the drugs.

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