Merck Needs a Spanking
There's a funny thing about big companies. They hate to admit to anything. In fact, it's easier to get a five-year old to admit that he was wrong than a big company.
I've written a number of blogs about the fact that the Vioxx problem could have been forseen earlier, and that much data indicated that the "magic 18 month time line" for getting a heartattack was hogwash.
Now Merck finally agrees and loses their most potent defense in their litigation.
"Merck said yesterday that it had erred when it reported in early 2005 that a crucial statistical test showed that Vioxx caused heart problems only after 18 months of continuous use.
That statistical analysis test does not support Merck's 18-month theory about Vioxx, the company acknowledged yesterday."
Read more in the NY Times.