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Schaeffer's Street Stories: Eli Lilly & Co. Finally Settles Zyprexa Lawsuit


//health-fitness.news-articles.net/content/2009/ .. li-lilly-co-finally-settles-zyprexa-lawsuit.html
Published in Health and Fitness on Thursday, January 15th 2009 at 11:42 GMT, Last Modified on 2009-01-15 11:43:01 by Market Wire   Print publication without navigation


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 ]


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