Thought Leadership

Pfizer and Kano – Heads or Tail…the people loose

1 Mins read
Thought Leadership

Pfizer and Kano – Heads or Tail…the people loose

1 Mins read

Reuters – KANO, Nigeria, July 27 (Reuters) – Nigeria’s Kano state and drugmaker Pfizer Inc have reached a final court settlement in a multi-billion dollar lawsuit over a 1996 drug trial, lawyers for both parties said on Monday. The northern state of Kano sued the world’s largest drugmaker in May 2007 for $2 billion in damages over testing of the meningitis drug Trovan, which state authorities said killed 11 children and left dozens disabled. The lawyers would not describe the settlement, but a source close to the deal said it obliges Pfizer to pay $75 million.

Here’s how the $75 million will break down:

– $35 million of the settlement is slated to go to a fund that would provide payments to eligible people who participated in the Trovan study.

– $30 million of the settlement would be set aside for healthcare initiatives chosen by the Kano State government.

– $10 million of the settlement would be used to reimburse Kano State for legal costs associated with the lawsuit.

Pfizer says there will be some oversight on the Kano State initiatives and seeks to name a separate six-member board to oversee the $30 million allocated to support healthcare initiatives designated by Kano State. Kano State government does not want any interference and are calling for self determination in managing the disbursal of the settlement funds…

Naija….we know what that means ūüôā Aluta!


Credit to BNET for links.

http://www.nigeriahealthwatch.com/

Never doubt that a small group of thoughtful committed people can change the world; indeed it is the only thing that ever has…Margaret Mead

Related posts
Thought Leadership

Finding the 'NorthStar'-Nigeria Health Sector Renewal Initiative at the 64th National Council on Health

6 Mins read
Safiya Shuaibu Isa (Lead Writer) Working differently with a sense of urgency were some of the undertones that shaped the deliberations at…
Thought Leadership

Trans-Fats and Health: The Hidden Danger Lurking in Your Food

3 Mins read
Olayemi Amusile and Chibuike Alagboso (Lead Writers) Vegetable and groundnut oil are familiar cooking ingredients in many Nigerian homes. While they add…
Thought Leadership

Exciting start to CPHIA 2023- Breaking Barriers and Repositioning Africa in the Global Health Architecture

5 Mins read
The¬†International Conference on Public Health in Africa (CPHIA) 2023¬†kicked off in Lusaka, Zambia, on 27th¬†November 2023 with a resounding commitment to breaking…

Leave a Reply

Your email address will not be published. Required fields are marked *