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PFIZER SETTLES CALIFORNIA HEART VALVE CASES

 NEW YORK, Sept. 2 /PRNewswire/ -- Pfizer Inc. (NYSE: PFE) announced today that it has entered into an agreement with the law firm of Capretz & Kasdan settling all cases and claims the firm's clients have concerning the Bjork-Shiley Convexo/Concave heart valve. The terms of the settlement are confidential.
 Paul S. Miller, senior vice president and general counsel of Pfizer said, "This agreement resolves the vast majority of all of the cases and claims relating to the Khan consolidation pending in the Orange County, Calif., Superior Court."
 Mr. Miller also said, "We continue to believe there is no basis for people with functioning valves to recover damages, but the company wants to put this time consuming and costly litigation behind it and to focus on more productive activities."
 Pfizer said the settlement will have no material adverse effect on the financial condition of the company.
 -0- 9/2/93
 /CONTACT: Chris Heller, 212-573-3604, or Bob Fauteux, 714-863-5444, both of Pfizer/


CO: Pfizer Inc. ST: New York, California IN: MTC SU:

TW -- NY021 -- 8288 09/02/93 09:25 EDT
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Publication:PR Newswire
Date:Sep 2, 1993
Words:178
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