Big Money Friday – Eli Lilly to Pay South Carolina $45 Million
South Carolina has reached a settlement with drug maker Eli Lilly totaling $45 million. This is a record-breaking settlement. No other state has reached an agreement with the pharmaceutical giant for such a high amount. It's also the second highest settlement in SC history.
"This is a victory for South Carolina's taxpayers who were forced to bear the financial costs of Eli Lilly's unlawful conduct," McMaster said. "Our case was sound. The evidence we presented was overwhelming. And I am pleased to say justice has been served."
Company officials couldn't be reached for comment.
According to attorneys for the state, South Carolina sued Eli Lilly over fraudulent prescription marketing and sought to recover the tens of millions of dollars Medicaid and the State Health Plan paid for the drug and spent treating side effects from illegal, unapproved, off-label use of Zyprexa, involving 63,740 South Carolina patients from 1996-2007.
Mind you, this is dwarfed by the $1.4 billion the Federal Government won from the company, but $45 million is still one pretty large settlement.