January 14, 2009Lilly On Verge Of Settling Zyprexa Claims With Feds For $1.4 BillionNews is just out now that Eli Lilly is expected to finalize a settlement with the feds over accusations of off-label marketing of its drug Zyprexa and ripping off Medicaid and Medicare. According to the New York Times, the settlement will be for $1.4 billion, a record in a whistleblower case (because Lilly employees apparently reported their own company to the feds). So far, Lilly has settled civil class action lawsuits and some states' claims for about $1.3 billion. Many more claims remain outstanding. Due to my bad back, I am not going to sit here and type out all the background and context to all of this. Please go read the article. And remember as well that this site somehow played a significant role in the Zyprexa scandal. Posted by Philip Dawdy at January 14, 2009 11:06 AM
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Nice work Philip! I hope your back is feeling better. I know there are some Lilly executives who aren't feeling that great today. I've always found a little schadenfreude to have amazing curative powers. Posted by: Marshall at January 14, 2009 02:16 PM"And remember as well that this site somehow played a significant role in the Zyprexa scandal." Congratulations Philip! What is being reported here and at other blogs are too serious.
Wow. Posted by: Marissa at January 14, 2009 03:26 PMPost a comment
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