Bristol-Myers Squibb To Pay $19.5M Over Abilify Marketing

By John Kennedy (December 8, 2016, 5:08 PM EST) -- Bristol-Myers Squibb will pay $19.5 million to 42 states and Washington, D.C., to settle claims that the company allegedly improperly marketed the antipsychotic drug Abilify, multiple states' attorneys general announced Wednesday.

The states including New York, Texas and California claimed that BMS improperly promoted Abilify for use by children and certain elderly patients and also misrepresented the findings of scientific studies done on the drug, which led to a misrepresentation of the risks Abilify posed to patients, including weight gain. BMS, which said it has not marketed the drug since 2013, did not admit any wrongdoing and denied all the allegations...

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