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New Jersey Jury Rules For Merck In Another Fosamax Suit

DOW JONES NEWSWIRES A state court jury in New Jersey has ruled in favor of Merck & Co. (MRK) and rejected a woman's claims that the company's Fosamax drug caused jaw-related problems, marking Merck's latest victory in a string of litigation over its osteoporosis treatment. Merck has now won five of six Fosamax cases that have gone to trial, including another state court case in New Jersey last year. The drug maker is facing thousands of cases in state and federal courts, generally alleging that use of Fosamax can cause a jaw-destroying condition known as osteonecrosis and that Merck failed to properly warn of this risk. The plaintiff in the latest case said she used Fosamax from 2002 to 2008 and suffered various jaw problems and complications following the extraction of four teeth in October 2007. Christy Jones of Butler, Snow, O'Mara, Stevens & Cannada PLLC, which represents Merck, said the evidence showed Merck acted properly and said the plaintiff had medical conditions that could result in the development of jaw and dental problems, regardless of whether they were taking Fosamax. "We agree with the jury's verdict. The company provided appropriate and timely information about Fosamax to consumers and the medical, scientific and regulatory communities," said Merck General Counsel Bruce N. Kuhlik. "Fosamax is a safe and effective medicine when used in accordance with the label." As of Dec. 31, approximately 2,345 cases had been filed and were pending against Merck in either federal or state court, the company said. Merck's shares rose by 10 cents to $38.50 after hours. The stock is up 13% in the past 12 months. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

Stock News for Merck (MRK)
DateTimeHeadline
05/24/201309:20:21U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
05/23/201318:22:23Merck Discontinues Studies on Preladenant Drug
05/21/201318:10:43Merck Unveils $5 Billion Accelerated Share Buyback
05/21/201316:52:59MARKET SNAPSHOT: U.S. Stocks Rise After Fed Officials' QE Signal
05/20/201316:54:08MARKET SNAPSHOT: U.S. Stocks Drop, Retreating From All-time Highs
05/20/201309:23:25FDA Staff: Merck Sleep Drug Effective; Safety Concerns With Higher...
05/15/201318:30:30Pair of Studies Show Power of Immune System to Fight Cancer
05/15/201309:15:25U.S. HOT STOCKS FUTURES: HOT STOCKS TO WATCH
05/08/201309:27:33Merck: FDA Accepts Application for Dissolvable Ragweed Allergy...
05/07/201317:10:24Exelixis 1st-Quarter Loss Widened as Revenue Slumps Amid Year-Earlier...
05/01/201316:32:10MARKET SNAPSHOT: U.S. Stocks Sink; Dow Snaps 4-day Win Streak
05/01/201315:34:13U.S. Stocks Pare Losses Slightly After Fed Statement
05/01/201315:17:19MARKET SNAPSHOT: U.S. Stocks Continue Slide After Fed Decision
05/01/201314:34:34MARKET SNAPSHOT: U.S. Stocks Curb Slide After Fed Decision
05/01/201314:13:35MARKET SNAPSHOT: U.S. Stocks Sink Before Federal Reserve Decision
05/01/201313:23:24MARKET SNAPSHOT: U.S. Stocks Drop As Companies Miss On Revenue
05/01/201312:06:13MARKET SNAPSHOT: U.S. Stocks Drop On Corporate Revenue Misses
05/01/201310:41:52MARKET SNAPSHOT: U.S. Stock Indexes Begin May With Losses
05/01/201308:40:06Merck Net Dips 8%; Approves $15 Billion Stock Buyback
05/01/201307:46:56Merck 1st-Quarter Profit Off 8.3% Amid Loss of Singular Exclusivity

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