Pfizer settles in Nigeria drug suit: lawyers
US drugmaker Pfizer and Nigeria's northern Kano state have clinched a final out-of-court settlement over the 1996 drug trials that led to the deaths of 11 children…Monday. The agreement…was formally announced in court on Monday, lawyers from both sides said, without giving details of the amounts involved. The two sides will return to court on August 6 to have the charges formally withdrawn. A source close to the negotiations said Pfizer has agreed to pay 35 million dollars compensation to the victims, 10 million dollars to the state for litigation expenses and five million dollars for the rehabilitation of Kano's…infectious diseases hospitals, where the drug trials were conducted 13 years ago.