About time.
Plavix has some serious side-effects..and does not work as well for about 1/3rd of all patients, particularly non-Caucasians.
abcnews.go.com
Pharmaceutical companies have agreed to pay Hawaii $700 million to settle its lawsuit over the efficacy and safety of the blood thinner Plavix, the state attorney general's office announced Friday.
A court ruling last year ordered Bristol Myers Squibb Company and three U.S.-based subsidiaries of French pharmaceutical company Sanofi to pay a combined $916 million.
But before an appeal was decided, a settlement was reached for the lower amount, the attorney general's office said.
First Circuit Court Judge James Ashford found that there was a risk that about 30% of patients, particularly non-Caucasians, might have a “diminished response” to Plavix but the companies did not update their labels, Attorney General Anne Lopez said last year.
Gov. Josh Green called it a “landmark settlement” and a “major victory” for the state.
The settlement divides the $700 million equally between Bristol Myers Squibb and Sanofi, with the funds to be paid by wire transfer by June 9, the attorney general's office said.
Plavix has some serious side-effects..and does not work as well for about 1/3rd of all patients, particularly non-Caucasians.
Drug companies to pay Hawaii $700 million to settle Plavix blood thinner lawsuit
Hawaii's attorney general's office says pharmaceutical companies have agreed to pay the state $700 million to settle its lawsuit over the efficacy and safety of the blood thinner Plavix
abcnews.go.com
Pharmaceutical companies have agreed to pay Hawaii $700 million to settle its lawsuit over the efficacy and safety of the blood thinner Plavix, the state attorney general's office announced Friday.
A court ruling last year ordered Bristol Myers Squibb Company and three U.S.-based subsidiaries of French pharmaceutical company Sanofi to pay a combined $916 million.
But before an appeal was decided, a settlement was reached for the lower amount, the attorney general's office said.
First Circuit Court Judge James Ashford found that there was a risk that about 30% of patients, particularly non-Caucasians, might have a “diminished response” to Plavix but the companies did not update their labels, Attorney General Anne Lopez said last year.
Gov. Josh Green called it a “landmark settlement” and a “major victory” for the state.
The settlement divides the $700 million equally between Bristol Myers Squibb and Sanofi, with the funds to be paid by wire transfer by June 9, the attorney general's office said.
