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Published on FiercePharma (http://www.fiercepharma.com)

BMS to pay $515M in kickback case

By admin
Created Oct 1 2007 - 6:59am

Bristol-Myers Squibb now has the dubious distinction of the third-largest court settlement between a drug maker and the U.S. Attorney's office in Massachusetts. The drug maker agreed to pay $515 million to settle kickback claims.

It's not the money that's most worrisome, though, but the behind-the-curtain machinations of a special Bristol-Myers sales force charged with marketing the antipsychotic Abilify for off-label uses--included one use that the FDA had warned against. The company also defrauded Medicaid with a pricing scheme on the antidepressant Serzone, and inflated prices of various cancer drugs and generics.

- see the U.S. Attorney's statement [1] on the settlement
- read Bristol-Myers' statement [2]
- read the report [3] from the Boston Globe

Related Articles:
Better times ahead for BMS?
Probation draws to a close for Bristol-Myers
[4]
FBI agents raid BMS office in deal probe [5]


Source URL:
http://www.fiercepharma.com/story/bms-pay-515m-kickback-case/2007-10-01