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June 28, 2010
That Schering-Plough Lawsuit Isn't Going Away
Posted by Derek
Last summer I mentioned a shareholder lawsuit against Schering-Plough over the way that the ENHANCE clinical data were handled for Vytorin. One of the interesting features here is that the plaintiffs are claiming that the company knew that the clinical trial was showing troublesome data, but elected to sit on the numbers for as long as possible - and they're introducing a series of posts on Cafe Pharma as evidence. These seem to foretell the 2008 announcement of the bad numbers in early 2007, with disturbing accuracy.
Now, as Jim Edwards points out, this case has not gone away. In fact, the most recent attempt to get it thrown out has failed, and former CEO Fred Hassan faces a possible deposition on the matter. This will be quite interesting to watch, since Merck is on the hook for any judgments that might result. Stay tuned. . .
Comments (4)
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1. anchor on June 28, 2010 9:36 AM writes...
Former CEO Fred Hassan, a deal maker and darling of the Wall Street not long back, is currently out of favor. But, we all knew he is a rogue of the tallest order, ready to do anything to enrich himself. His plan of action over the years has left many honest and hardworking people in disastrous situation and he must pay a very heavy price.
Permalink to Comment2. Anonymous on June 29, 2010 7:51 AM writes...
I am just curious. Wasn't he also accused of participating in off label promotion of HGH as a an anti-aging snake oil when he was at Pharmacia?
Permalink to Comment3. Anonymous on July 24, 2010 12:31 AM writes...
Cholesterol is critical for life. Trust me. look it up. It's the underlying inflammation that's the problem. Cholesterol is the " circulating band-aid" that depots on the arterial lesions in an attempt to protect the lesion. Cholesterol is not the problem.
Permalink to Comment4. Felipe Bojko on May 11, 2012 4:20 AM writes...
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