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Nigeria state, Pfizer to settle out of court - lawyers
Nigeria's Kano state and drugmaker Pfizer Inc have agreed to the broad terms of an out-of-court settlement in aโฆlawsuit over a 1996 drug trial, lawyers for both parties saidโฆKano sued [Pfizer]โฆfor $2 billion in damages over the testing of the meningitis drug Trovan, which the authorities say killed 11 children and left dozens disabledโฆThe...firm has denied all charges and says meningitis, not Trovan, killed the children or damaged their healthโฆNigeria's federal government sued for an additional $6.5 billionโฆthoughโฆit is expected to withdraw its case if Kano reaches a settlement. Sources close to the negotiations told Reutersโฆthat the two sides were nearing a $75 million agreementโฆ