Friday, July 16, 2010

RTÉ Business: Elan to pay $200m after US probe

Pharmaceutical company Elan is to pay just over $200m to settle claims which followed an investigation of the way it marketed a medicine called Zonegran.

The agreement in principle has been reached with the US Attorney's Office for the District of Massachusetts, after an investigation by the US Department of Justice.

Zonegran was an anti-epileptic medicine which Elan sold off in 2004. The company had already set aside $206m to deal with the expected costs of the probe.

via rte.ie

Posted via email from Jack's posterous

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