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Africa

Pfizer and Nigeria sign 75 million dollar settlement in drug suit

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Latest update : 2009-07-30

US drugmaker Pfizer and Nigeria's northern Kano State have signed a 75 million dollar final out-of-court settlement over the 1996 drug trials that led to the deaths of 11 children, a joint statement said.

AFP - US drugmaker Pfizer and Nigeria's northern Kano State Thursday signed a 75 million dollar final out-of-court settlement over the 1996 drug trials that led to the deaths of 11 children, a joint statement said.
  
"We are pleased to announce that we have reached a final agreement to settle the Trovan litigation between Pfizer and Kano State government," the statement by the two parties said.
  
"The parties agreed that settlement is in the best interest of both parties as it avoids the cost and distraction of protracted litigation and enables both of us to focus on our core missions and business," it added.

Date created : 2009-07-30

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