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 🙂 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

Data is life: Achieving Nigeria's Digital-in-Health Approach

4 Mins read
Data and technology play a crucial role in the healthcare sector. The advent of technological innovations, including artificial intelligence, telemedicine, and mobile…
Thought Leadership

Navigating Nigeria’s Healthcare Landscape: Opportunities, Challenges, and Strategic Partnerships

4 Mins read
Chukwuemeka Oguanuo (Lead writer) Nigeria is the most populous country in Africa with over 200 million people — a number that is projected to…
Thought Leadership

Developing a Climate Resilient WASH Policy in Nigeria Come Rain or Drought

3 Mins read
In 2018, the Federal Government of Nigeria developed a 13-year strategy to address the WASH crisis in the country. Five years post-implementation,…

Leave a Reply

Your email address will not be published.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