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04/28/2009

Georgia settles with drug company for $6M

By Bill Rankin, The Atlanta Journal-Constitution

Georgia has decided to enter into a multimillion-dollar settlement with Eli Lilly and Co. over the pharmaceutical giant's off-label promotion of the anti-psychotic drug Zyprexa.

The state will get more than $6 million from the deal. Even so, lawyers familiar with the case wonder if Georgia is missing out on a much larger payday.

A dozen other states have decided not to settle. They have filed their own lawsuits seeking massive damage awards. The suits seek, in part, reimbursement for Medicaid payments for unwarranted Zyprexa prescriptions.

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