March 26, 2008

The Zyprexa Chronicles: Breaking: Lilly Settles With Alaska For $15 Million

I am stunned to report that the Alaska v. Lilly trial settled yesterday for a mere $15 million. This move will be picked apart by many in the mental health and pharma worlds--and since I learned of it very early this morning, and after I'd been out for a few hours, I will refrain from comment for now. Except to note that the Zyprexa documents are that much more important than they were yesterday.

More later today.

Posted by Philip Dawdy at March 26, 2008 02:06 AM
StumbleUpon Toolbar del.icio.us Digg it reddit
Comments

Nonetheless, each settlement--even if it is small--stacks up against them as pseudo-precedent. Let's wait until more US states dig in...

Posted by: Brad at March 26, 2008 05:27 AM

Well, the state of Alaska settled for less than the victims of Wesbecker's Prozac rampage.

Although the settlement in the Wesbecker Prozac civil trial was secret [even from the judge and the jury who continued the case to a verdict], about two years later one of the survivors divorced and his financial assets had to be revealed. By counting the number of people who were involved in the case, plus the lawyers cut, the secret settlement was tabulated at 33 million.

I wonder why Alaska settled so cheaply. I think they could have gotten more.

Posted by: Rosie at March 26, 2008 08:09 AM

This really stinks in my opinion. How does Lilly get away with this? Reminds me of GSK settling with the state of NY over Paxil for 2.5 million or something ridiculous. Why doesn't someone calculate how long it takes Lilly to generate $15 million in sales (or even profits) of Zyprexa? Probably about 15 minutes. Furthermore how long would that last if it were actually compensation for the way in which a handful of victims' lives were ruined -- again not very long. And there are far more than a handful of victims out there even just in the state of Alaska. Corporations have too much power and it's darn frightening how they get away with it.

Posted by: Sara at March 26, 2008 09:17 AM

It wasn't rosy. Nonetheless I think it will contribute to a trend:

year/zyprexa sales/total US sales, in USD (billions):

1996 0.09 4.2 (three months)
1997 0.59 5.41
1998 1.12 5.84
1999 1.37 6.23
2000 1.69 7
2001 2.18 7.36
2002 2.53 6.54
2003 2.64 7.17
2004 2.42 7.67
2005 2.04 7.789

The downward spiral! Zyprexa profits peaked and are dropping faster--and should continue to do so, especially since a lot of doctors are trying to get their patients off the drug.
...Took this from Lilly's financial statements and haven't had a chance to graph it yet (sorry!).

Posted by: Brad Fidler at March 26, 2008 11:06 AM

I read that if all of the scripts for Zyprexa were tallied up, at a per script $ amount, Lilly would have had to fork over $200 million. Don't know how that stat was determined, but apparently the judge didn't see a cause to count each prescription, which in my opinion he must have forgotten those are PEOPLE taking those prescriptions. Oh well, another day another dollar for Lilly.

Posted by: Stephany at March 28, 2008 12:12 PM
Post a comment









Remember personal info?






pic1.jpg

Patient Blogs. Sites.
Doctor Blogs. Sites.
Activists. News.
Social Networking. Forums.
Science. Big Pharma. Ethics.
Current Affairs
Seattle Stuff
Smoking. Stuff.

Info
About Furious Seasons
Email
Other Articles
ZYPREXA Documents
Alt ZYPREXA Documents Source
Blakemore-Brown Transcript

 Subscribe in a reader

Search


Recent Entries
$99 Left
$114 To Go
Winter Fundraiser, $134 To Go, Final Day
Ruth Lilly, Eli Lilly Heiress, Prozac Beneficiary Dies At 94
Winter Fundraiser, Final Day, Less Than $200 To Go
UCLA Psychiatrist Criticizes DSM-5
Winter Fundraiser, Barely $200 To Go
Most Popular Posts Of 2009
Winter Fundraiser, Less Than $300 Left, Let's Wrap It Up
Senate Health Care Bill Contains $1.25 Billion Gift To Sen. Stabenow
Travel Day, Comment Approval May Be Intermittent
Winter Fundraiser, Close But Stalled
Senate Health Care Reform Bill Contains Controversial MOTHERS Act, Abortion Study
Adult ADHD And Sleep Problems
Vic Chesnutt Dead At 45, Possible Suicide
Recent Comments

Stephany on The Zyprexa Chronicles: Breaking: Lilly Settles With Alaska For $15 Million

Brad Fidler on The Zyprexa Chronicles: Breaking: Lilly Settles With Alaska For $15 Million

Sara on The Zyprexa Chronicles: Breaking: Lilly Settles With Alaska For $15 Million

Rosie on The Zyprexa Chronicles: Breaking: Lilly Settles With Alaska For $15 Million

Brad on The Zyprexa Chronicles: Breaking: Lilly Settles With Alaska For $15 Million

Archives
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
Resources
Mental Health America
National Alliance on Mental Illness
Depression and Bipolar Support Alliance
National Institute of Mental Health
McMan Web
Powered by
Movable Type 3.2