Without a doubt, Merck & Co. has established a highly-respected name inside and outside the United States and Canada. Being one of the largest pharmaceutic establishment, Merck finds out, builds up, make up and sells an extensive range of products to promote human and animal health. As profits of the company continue to rise, however, Merck faces thousands of lawsuits including those over Fosamax problems.
Merck & Co. originated in Darstadt, Germany with a drug store that Freidrich Jacob Merck bought in 1668. In 1981, the conglomerate dynasty extended to the American shores when George Merck founded the US headquarters of Merck & Co. in NY. Today, the US Company employs 51,000 workers in 120 countries becoming one of the top 7 pharmaceutic companies in the world.
Merck also publishes a series of books for medical reference called The Merck Manuals. Included in this selection is the Merck Manual of Diagnosis and Therapy, which a medical textbook and world’s bestseller, and the Merck Index which is an assortment of data about chemical compounds.
Merck & Co.’s annual profits reach more than a billion dollars. On the first quarter of this year alone, Merck said that its profit ($1 billion) has tripled compared from the first quarter sales of 2010.
It’s not always good news that Merck is involved. Vioxx was a drug for arthritis which was later found in 2004 to have a very high risk of cardiovascular problems. {About 50,000 people have sued Merck claiming that they or their family members have suffered medical problems like heart attacks or stroke after taking Vioxx.} As a result, Merck proposed to pay almost $5 billion for settlement on the remaining Vioxx lawsuits in November 2007.
Likewise, since the previous decade, Fosamax is another drug made by Merck that receives akin discernment due to its association with some bone ailments. Patients tell a jeremiad of bone illness from the death of a jaw bone also known as osteonecrosis of the jaw to an atypical femur fracture. Fosamax is a biphosphonate that is the treatment of choice for osteoporosis and Paget’s disease.
At present, a number of Fosamax proceedings are still being heard on court. If you incurred femur injuries and other adverse events resulting from long-term Fosamax consumption, it might be a potential Fosamax lawsuit against Merck. A Fosamax Fracture Lawyer is available to help you.
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