Hood announces $18M settlement - MSNewsNow.com - Jackson, MS

Hood announces $18M settlement

JACKSON, Miss. (AP) - Attorney General Jim Hood says Mississippi will receive $18.5 million in a settlement with drug manufacturer Eli Lilly and Co.

Hood, speaking Thursday 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.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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