Bristol-Myers, Pfizer Escape Suit Alleging Eliquis Risks

By Dani Kass (May 9, 2017, 7:05 PM EDT) -- A New York federal judge on Monday freed Bristol-Myers Squibb Co. and Pfizer Inc. from a consumer lawsuit accusing them of not properly warning about the risks tied to the blood-thinner Eliquis, declaring federal law would have banned the companies from changing their labels.

U.S. District Judge Denise Cote said drugmakers can only change labels if new information is discovered, which wasn't the case here. Therefore, claims stemming from stricter California laws would have been preempted by federal law, she said.

"The information contained in this literature does not constitute 'newly acquired information' under the FDA's [changes being effected] regulation," the...

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