Colo. To Receive $2.6 Million in Zyprexa Case

By: Associated Press Email
By: Associated Press Email

Denver (AP) The Colorado Attorney General’s office says the state will receive more than $2.6 million as part of a settlement with Eli Lilly & Co. Over allegations that the company illegally marketed the antipsychotic drug Zyprexa for off-label use.

The agreement represents Colorado’s share of a global settlement announced Thursday, in which the company will resolve four federal whistleblower lawsuits, as well as claims by numerous states and the Federal Government.

The settlement, totaling $1.42 billion, resolves allegations that Lilly promoted Zyprexa for uses not approved by the U.S. Food and Drug Administration.

Attorney general John Suthers called the agreement a “significant recovery for Colorado’s Medicaid program.” He says the case should send a message that Colorado won’t tolerate drug companies that fail to comply with the rules.

Post Your Comments



KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 37710559 - nbc11news.com/a?a=37710559
Gray Television, Inc.