



Schaeffer's Street Stories: Eli Lilly & Co. Finally Settles Zyprexa Lawsuit
CINCINNATI--([ BUSINESS WIRE ])--Investors in Eli Lilly & Co. (NYSE: LLY) may be finally sighing with relief as the lawsuit against the company regarding its antipsychotic drug Zyprexa has drawn to a close, though the news isn't great. The pharmaceutical giant has agreed to pay $1.42 billion, and pleaded guilty to a criminal charge in a long-awaited settlement with federal prosecutors who accused Lilly of illegally marketing Zyprexa.
Eli Lilly will pay $615 million to settle a criminal investigation and nearly $800 million to resolve civil investigations related to Zyprexa - $438 million to the federal government and $362 million available for settlements with states.
To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/eli+lilly+co+finally+settles+zyprexa+lawsuit/observations.aspx?click=home&ID=90544 ]