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 agreement was made, according to the complaint.

The complaint further alleged that Bristol-Myers tried to...

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