Robert Besser
13 May 2025, 17:03 GMT+10
HONOLULU, Hawaii: Pharmaceutical giants Bristol Myers Squibb and Sanofi have agreed to pay $700 million to Hawaii to settle a lawsuit over the efficacy and labeling of the blood thinner Plavix, the state attorney general's office announced late last week.
The settlement follows a court ruling last year ordering the companies to pay $916 million after a judge found they failed to update Plavix labels to reflect that approximately 30% of patients — particularly non-Caucasians — might have a "diminished response" to the drug, Attorney General Anne Lopez said.
Before an appeal was decided, the parties settled for the lower amount. The payment will be equally split between Bristol Myers Squibb and Sanofi and is due by June 9 via wire transfer, the attorney general's office said.
In a joint statement, the companies said they were "pleased to resolve this litigation" and emphasized Plavix's long-standing role in cardiovascular treatment. "Plavix has helped millions of people with cardiovascular disease around the world for nearly 30 years, and it continues to be endorsed as a first-line therapy by leading treatment guidelines across the globe," the statement said.
Hawaii Gov. Josh Green hailed the settlement as a "landmark settlement" and a "major victory" for the state, emphasizing that it holds pharmaceutical companies accountable for ensuring the safety and transparency of their drugs.
Neither Bristol Myers Squibb nor Sanofi has admitted wrongdoing as part of the settlement.
Get a daily dose of Iraq Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.
More InformationHONOLULU, Hawaii: Pharmaceutical giants Bristol Myers Squibb and Sanofi have agreed to pay $700 million to Hawaii to settle a lawsuit...
WASHINGTON, D.C.: The U.S. Food and Drug Administration (FDA) said this week it will start using artificial intelligence (AI) in all...
NEW YORK CITY, New York: Citigroup must defend itself against a revived lawsuit accusing the bank of facilitating and concealing a...
Gaza Faces Imminent Famine as Aid Blockade Enters 70th Day, UN Warns The entire population of Gaza is now at critical risk of famine,...
WASHINGTON, D.C.: The Republican-led U.S. House of Representatives has passed a bill to rename the Gulf of Mexico as the Gulf of America,...
HARRISBURG, Pennsylvania: People in Pennsylvania who are 21 or older could soon be allowed to legally buy and use marijuana. The state...
Gaza Faces Imminent Famine as Aid Blockade Enters 70th Day, UN Warns The entire population of Gaza is now at critical risk of famine,...
AMMAN, Jordan - A United Nations investigative committee has accused Israel of inflicting unimaginable suffering on Palestinians under...
ABU DHABI, 13th May 2025 (WAM) -- Etihad Airways, the national airline of the United Arab Emirates, has released its traffic statistics...
(250513) -- LALISH, May 13, 2025 (Xinhua) -- This photo taken on May 12, 2025 shows Lalish Temple, which is considered as the main...
(250513) -- BAGHDAD, May 13, 2025 (Xinhua) -- A billboard for the 34th Arab League Summit is seen on a street in Baghdad, Iraq, May...
RIYADH, 13th May, 2025 (WAM) -- United States President Donald Trump arrived in Riyadh on Tuesday, marking his first official foreign...