KANO â€” 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 yesterday.
The Kano State government sued the worldâ€™s largest drugmaker in May 2007 for $2 billion in damages over the testing of the meningitis drug, Trovan, which the authorities said killed 11 children and left dozens disabled.
â€œWe have settled and we are signing an agreement on Thursday,â€ said Aliyu Umar, counsel for Kano State.
The New York-based firm has denied all charges and said meningitis, not Trovan, killed the children or damaged their health.
It said Trovan saved lives and was as effective as a more established drug used for comparison in the study. The lawyers would not disclose how much was agreed to in the settlement.
Sources close to the negotiations had said in April that the two sides were nearing a $75 million agreement, including the payment by Pfizer of $10 million legal fees, $30 million to Kano State and $35 million to victims and families.
â€œWe are happy with what we got,â€ said one of the victims on Monday without confirming the settlement amount.
Lawyers are expected to officially withdraw the case at a hearing on August 6 in Kano.