Company news

Share this article:
Lilly will pay $62 million to 32 states investigating the company over its marketing of Zyprexa, an antipsychotic drug indicated for schizophrenia and some forms of bipolar disorder. Eleven other states – and the federal government – will continue to investigate Zyprexa promotions, and may cost the company more money in the future. The company is accused of marketing the drug off-label, for dementia and milder forms of bipolar disorder that have not been approved by FDA.

AtheroGenics, an Alpharetta, GA–based pharmaceutical company, filed for Chapter 11 bankruptcy on September 15 in the US Bankruptcy Court for the Northern District of Georgia in Atlanta, due to a substantial debt burden. AtheroGenics expects to sell the company and/or its key assets. AtheroGenics focused on the treatment of chronic inflammatory diseases including diabetes and coronary heart disease.   
Share this article:
You must be a registered member of MMM to post a comment.
close

Next Article in Business Briefs

The Women's Health landscape is ripe with opportunity for pharma marketers. This seven-page eBook offers product managers a guide to capitalizing on the trends, growth areas and unmet needs. Includes alternative channels to engage OB/GYNs and oncologists, and plenty of tips. Click here to access it.

Email Newsletters