Deseret News (Salt Lake City) - Drug firms agree to pay $515 million settlement
BOSTON (AP) — Bristol-Myers Squibb Co. and a former subsidiary have agreed to pay more than $515 million to settle federal and state investigations into their drug marketing and pricing practices.
The civil settlement announced Friday resolves a broad array of allegations against Bristol-Myers Squibb, dating from 1994 through 2005.
Among them were a charge that the New York-based pharmaceutical company illegally promoted the sale of Abilify, an anti-psychotic drug, for pediatric use and to treat dementia-related psychoses. Neither use is approved by the U.S. Food and Drug Administration.
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In a statement, Bristol-Myers Squibb said the settlement would not affect the company’s ongoing business with any customers, including the government.
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