Bristol settles Plavix probe with FTC

We all know that Plavix is Bristol-Myers Squibb's Big Kahuna. Yesterday, we reported that it's one of the only two brand-name meds in the top 10 scrip-earners for 2008. And with the clot-buster set to go off patent in 2011, Bristol is trying to milk Plavix for all it's worth.

Unfortunately for Bristol, those facts weren't lost on federal regulators. The Federal Trade Commission has been investigating the drugmaker's attempts to keep a copycat version of Plavix off the market. (Bristol has already settled similar claims brought forward by the New York Attorney General and the Justice Department.)

Now, Bristol can say goodbye to accusations that it made false statements about its negotiations with Canada's Apotex, which briefly launched a Plavix copy to the immediate detriment of Bristol's revenues. Because it's settling with the FTC for $2.1 million. "The company is pleased to put this matter behind it and continues to focus on delivering innovative medicines," company spokeswoman Laura Hortas told the Wall Street Journal.

- see the WSJ story

Suggested Articles

Horizon Therapeutics has notched an FDA approval for its rare eye disease med Tepezza (teprotumumab), a possible blockbuster drug in the making.

Eli Lilly has a pipeline stuffed with a host of assets and has decided it needs a new injectable drug and device plant to manufacture some of them.

After Clovis’ Rubraca snagged an FDA boost in prostate cancer last week, AZ and Merck’s rival Lynparza has matched it with a boost of its own.