Lilly's $1.4B Zyprexa settlement confirmed
US drug major Eli Lilly has reached a settlement agreement with a US court over the off-label promotion of its drug Zyprexa (olanzapine; Marketletters passim). Under the terms of the accord, Lilly will plead guilty to one misdemeanor violation of the Food, Drug and Cosmetic Act, enter a corporate integrity agreement with the Department of Health and Human Services and pay charges of $1.42 billion, that it wrote down in the third quarter of last year.
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