October 07, 2009
Lilly Settles Zyprexa Claims With South Carolina
Bloomberg is reporting this morning that Eli Lilly has reached a tentative settlement with the State of South Carolina over allegations that the company illegally marketed Zyprexa, the company's atypical antipsychotic, for unapproved uses. The state's lawsuit against Lilly had been set to go to trial this week, but Lilly won a delay and then hammered out an agreement with the state. Financial details of the settlement are not yet available.
Posted by Philip Dawdy at October 7, 2009 09:50 AM
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Dear Lord!
Bloomberg is trying to make shareholders crazy?
Hmmm... I believe it is wishful thinking but could it be a sign that Bush family is losing a little bit?
NO!
It's surprising that the dollar value of Eli Lilly's settlements to date with the federal government and the states over Zyprexa appears to exceed the total settlements with individual claimants. Is this a first in pharmaceutical litigation?
