Bristol-Myers settles Plavix case with states

Tue Dec 23, 2008 3:38pm EST
 
[-] Text [+]

BOSTON (Reuters) - Bristol-Myers Squibb Co said on Tuesday it agreed to pay $1.1 million to settle charges connected with an anti-trust investigation by the New York State Attorney General's Office,

Last year, Bristol-Myers pleaded guilty to two federal criminal counts related to allegations that it illegally concealed a side deal with the generic drugmaker Apotex to block introduction of a generic form of Bristol's blood-thinning drug Plavix.

In the wake of the federal investigation, the New York Attorney General's office led its own probe on behalf of the 50 states and the District of Columbia.

Under the settlement, the company acknowledged responsibility for violating court orders in two earlier lawsuits in which it settled state charges that it unlawfully deprived consumers of cheaper generic versions of its drugs Buspar and Taxol.

In the earlier cases, Bristol paid the states $150 million and agreed to two federal court orders that required it to notify the states of patent litigation settlements with generic drug competitors.

After the court orders were in place, in March 2006, Bristol reached a settlement with Apotex in a patent infringement lawsuit involving Plavix.

The Plavix settlement triggered Bristol's notification obligations under the Buspar and Taxol court orders.

(Reporting by Toni Clarke; editing by John Wallace)

 
Dr. Qurrath U. Ain of the Elmhurst Pediatric Emergency Center examines a patient with flu-like symptoms at Elmhurst Hospital in New York in this December 12, 2003. file photo. REUTERS/Shannon Stapleton/Files
Healthcare Reform

Reuters provides an in-depth look at the issues facing Americans as the Obama administration wrestles with healthcare policy.  Full Coverage 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video
Uninsured patient Josefa Martinez, 8, has her blood pressure measured during a health check-up at Venice Family Clinic in Venice, California, June 25, 2009.  REUTERS/Lucy Nicholson
The healthcare disconnect

A successful reform package will have to address the cost for services for private versus public providers and employ innovative technological advances, writes Darrell West, author of Digital Medicine: Health Care in the Internet Era.  Commentary | Full Coverage 

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better