Eli Lilly in Zyprexa settlement talks: report
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Eli Lilly and Co  is in settlement talks with federal prosecutors regarding a civil and criminal investigation into Lilly's marketing of its top-selling schizophrenia drug Zyprexa, the New York Times reported on Wednesday.
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NEW YORK -- Eli Lilly and Co. has downplayed for about 10 years the risks associated with Zyprexa, which treats schizophrenia, The New York Times said on its website yesterday, citing internal documents from the drug maker and e-mail messages of its managers.
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Medarex Inc., a Princeton, NJ, biotechnology company, could receive up to $510 million under a global collaboration deal it signed with New York-based Pfizer Inc.
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Blog: Company is also in talks with the group that has sued it, according to a report in The Wall Street Journal.
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Confidential marketing documents about Eli Lilly's best-selling schizophrenia drug, Zyprexa, must be returned to the company by a doctor and a lawyer who conspired to leak them to the press, a federal judge ruled yesterday.
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Eli Lilly and Co. said on Tuesday that  U.S. regulators have approved its new antidepressant as a  treatment for pain associated with nerve damage in diabetics,  making it the first drug approved for the disorder and sending  the company's shares up 2 percent.
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Merck has agreed to pay $650 million to resolve allegations that it overcharged state and federal governments for three top-selling drugs, marking one of the Justice Department's largest settlements ever in a healthcare fraud prosecution.
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Eli Lilly and Co. (LLY.N: Quote, Profile, Research) on Thursday said it expects 2005 earnings to rise as higher sales of its newer drugs offset a decline in its top-selling schizophrenia drug Zyprexa.
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In a settlement that the New York State attorney general said would transform the drug industry, GlaxoSmithKline has agreed to post on its Web site the results of all clinical trials involving its drugs.
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A lawsuit filed by New York State Attorney General Eliot Spitzer against GlaxoSmithKline over charges that the pharmaceutical company withheld information about the safety and effectiveness of Paxil has been settled.
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Drugmaker Wyeth  has reached a tentative framework with a group of plaintiffs' lawyers to settle nearly all remaining liability cases stemming from allegations that some of its diet drugs damaged heart valves, the Wall Street Journal reported on Tuesday, citing people familiar with the negotiations.
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According to the British Medical Journal, Eli Lilly, the maker of Prozac, suppressed evidence linking their antidepressant to behavioral disturbances.
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Drugmaker GlaxoSmithKline agreed Thursday to settle charges that it hid and misrepresented unfavorable data about the effectiveness and safety of its top-selling anti
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The British Medical Journal has retracted its controversial claims about drug maker Eli Lilly and Co, its drug Prozac and a potential link to suicide, Lilly said on Thursday.
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Drugmaker Eli Lilly and Co.  on Wednesday said its restructuring will result in a fourth-quarter charge of 24 cents to 27 cents per share, above its previous estimate of 19 to 24 cents per share.
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Eli Lilly pushed Zyprexa, a drug for schizophrenia and bipolar disorder, as a treatment for older patients with dementia, according to marketing materials.
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Eli Lilly and Co. on Thursday said one of its experimental drugs was comparably effective in a mid-stage trial as the company's widely used Zyprexa treatment, but without weight gains seen with Zyprexa.