Attorney General Henry McMaster said Friday that South Carolina reached a $45 million settlement with pharmaceutical giant Eli Lilly over the company's marketing of the anti-psychotic drug Zyprexa.
Eli Lilly confirmed it is the largest monetary settlement any state has won from the company. McMaster also said it was the second-largest state settlement in South Carolina history, behind the multibillion dollar settlement the state received from the 1998 tobacco agreement.
"This is a victory for South Carolina's taxpayers who were forced to bear the financial costs of Eli Lilly's unlawful conduct," McMaster said in a statement. "Our case was sound. The evidence we presented was overwhelming. And I am pleased to say justice has been served."
As part of the settlement, Eli Lilly didn't admit to any wrongdoing.
Spokeswoman Marni Lemons said Eli Lilly felt it was in the best interests of the company, patients and physicians "who rely on Zyprexa as a lifesaving medication to put this issue behind us."
Full Article and Source:
S.C. Reaches Settlement With Company Eli Lilly