Eli Lilly Settles 18,000 Zyprexa Suits

Eli Lilly & Co. settled 18,000 suits by people who had claimed that their use of Zyprexa, the top-selling antipsychotic drug, had caused diabetes and other side effects.  The 18,000 settlements are "not expected to exceed $500 million" according to Lilly.  The company still faces approximately 1200 individual suits as well as four state lawsuits collectively seeking hundreds of millions of dollars.  See the story by Joe Schneider and Margaret Cronin Frisk for Bloomberg.com.

JDP