11/04/2005
Merck Execs Pumped After Vioxx Victory
A gleeful Merck CEO gave high-fives all around headquarters yesterday in light of news that the painkiller Vioxx won a court case.
"Yes! I just knew we would win," said Richard T. Clark, CEO and president. "Phew! That was close; I thought my stock options were gonna get creamed."
Clark, pausing to bump chests with the rest of his management team, called the decision "really freaking awesome."
"I still think it's going to be a long, challenging road ahead for Merck," he said. "Don't get me wrong, I feel bad for the corpses and everything, but I got kids going to college. I need this cash."
The Atlantic City jury said Vioxx did not cause an Idaho postal worker's heart attack, and also said Merck did not commit consumer fraud in marketing Vioxx to physicians.
Analysts say Merck faces billions of dollars in potential liability from such cases following its New Jersey victory. Clark remained optimistic.
"One down, four thousand to go," he said. "But we're back, baby."