Hood: State settles with Eli Lilly

by Associated Press

Published: February 5,2010

Tags: attorney general, lawsuit, pharmaceutical industry, settlement, state government

JACKSON — Attorney General Jim Hood says Mississippi will receive $18.5 million in a settlement with drug manufacturer Eli Lilly and Co.

Hood, speaking yesterday at a news conference in Jackson, says the settlement represents a recovery for funds spent on the anti-psychotic drug Zyprexa by Medicaid and the state insurance plan.

Zyprexa has been Lilly’s top-selling drug for several years.

In January, Lilly reported Zyprexa had double-digit sales growth to $1.36 billion in the fourth quarter.

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