Bristol-Myers Pleads Guilty, Pays $1M In Fines

Law360 (May 30, 2007, 12:00 AM EDT) -- Bristol-Myers Squibb Co. pled guilty and agreed to pay a $1 million fine Wednesday for allegedly lying to the federal government about its Plavix patent deal with Apotex Corp.

The two-count criminal charge was filed in the U.S. District Court for the District of Columbia by Assistant Attorney General Thomas O. Barnett.

Bristol-Myers Squibb agreed not to launch its own generic version of Plavix that would compete against Apotex for generic sales despite the Federal Trade Commission's refusal to approve the companies' deal if such an...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.