October 03, 2006
$700m injury payout headed to Zyprexa users
A federal judge approved Eli Lilly’s largest-ever settlement: $700 million to be split among patients who took antipsychotic Zyprexa, their lawyers and federal health programs, The Indianapolis Star reported.
Judge Jack Weinstein, of federal court in Brooklyn, NY, approved the terms of the liability settlement, but the amount could expand. Hundreds more have filed claims against Lilly since the settlement was announced in 2005, according to The Star. So far, more than 8,000 plaintiffs, many of them mentally ill, are included. They will receive payments after attorneys, Medicare and Medicaid get their cut. More than 60% of claimants were Medicaid beneficiaries, and some states reportedly could claim up to 30% of each award from people who have health coverage through the state-run plans. After taking Zyprexa, Lilly’s top seller, the patients claimed that the drug caused diabetes-related symptoms, including weight gain and high blood-sugar levels.