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 the 2009 merger takeover by Pfizer.
Pfizer has said that it will appeal the ruling to the Pennsylvania Supreme Court.
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
