Lilly To Hand Over $15M To Settle Alaska Zyprexa Suit

Law360, New York (March 26, 2008, 12:00 AM EDT) -- Three weeks into a trial in Anchorage, Alaska, Eli Lilly & Co. has agreed to pay $15 million to settle a dispute with the state over the drug company's anti-psychotic drug Zyprexa.

The state and the company said Wednesday that the agreement resulted from mediation ordered by Judge Mark Rindner before the trial began on March 3. The presiding judge in the case renewed mediation efforts with the parties last week.

“We believe this settlement is in the best interest of the company, the state and,...
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