Nigeria, Pfizer to settle out of court: lawyers

April 3, 2009

Nigeria’s Kano state and drugmaker Pfizer Inc have agreed the broad terms of an out-of-court settlement in a multi-billion-dollar lawsuit over a 1996 drug trial, lawyers for both parties said on Friday. The northern state of Kano sued the world’s largest drugmaker in May 2007 for $2 billion in damages over the testing of the meningitis drug Trovan, which the authorities say killed 11 children and left dozens disabled. (Reuters)