Friday, March 27, 2009

BMS - Plavix: $2.1 million settlement with FTC

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Bristol-Myers Squibb Co. agreed to pay $2.1 million to settle a U.S. Federal Trade Commission lawsuit filed today over statements it made about a failed 2006 agreement involving the blood-thinner Plavix.

The FTC, in a complaint in federal court in Washington, accused the New York-based drugmaker of concealing material information about the agreement and violating a 2003 consent order it reached with the agency in another case that limited its ability to sign settlements in patent suits.

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