Lilly to take $1.4B charge to resolve past practices
US drug major Eli Lilly says that it is in advanced discussions to resolve the ongoing investigations led by the US Attorney's Office for the Eastern District of Pennsylvania related to past marketing and promotional practices for its antipsychotic Zyprexa (olanzapine). As a result, the company will record a charge of $1.415 billion, or $1.29 per share, in the third quarter of 2008.
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