It seems Merck (
MRK) wants to settle several pending lawsuits against it before the proposed merger with Schering-Plough Corp. (
SGP), which is supposed to be completed by the year-end. Today, the two companies agreed to pay $41.5 million in a lawsuit related to cholesterol drugs (under joint venture) Vytorin and Zetia. Both Merck and Schering have recorded the charges in their second-quarter results.
Vytorin combines Zetia and another statin drug, Zocor (simvastatin), into one pill. The lawsuit is related to the controversial Enhance trial which failed to prove that Vytorin was better compared to Zocor in reducing thickening of arteries, despite a positive impact on cholesterol levels.
In July, both companies agreed to pay $5.4 million to 35 US states to settle the allegation that they did not disclose negative findings from the Enhance study on time. While the study was conducted in early 2006, its results
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