Hawaii court orders Bristol Myers Squibb and Sanofi to pay the state $916m in Plavix blood thinner lawsuit [Fortune]
Bristol-Myers Squibb Company (BMY)
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Source: Fortune
the companies failed to disclose the efficacy and safety of the medication, the state attorney general said Tuesday. The judgement was issued against Bristol Myers Squibb Company and three U.S.-based subsidiaries of French pharmaceutical company Sanofi Bristol Myers Squibb and Sanofi said in a joint statement they disagreed with the penalty and plan to appeal. First Circuit Court Judge James Ashford found that there was a risk that about 30% of patients, particularly non-Caucasians, might have a “diminished response” to Plavix but the companies didn't update their label, Attorney General Anne Lopez said. “As Judge Ashford found following a trial, these pharmaceutical defendants acted in bad faith and marketed a product that could potentially have devastating effects on Hawaii patients, when they knew that the medicine would lack efficacy for a substantial portion of the population,” Lopez said in a statement. Hawaii filed the lawsuit in 2014, saying more than 1 million Plavi
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BMY
Earnings
- 4/25/24 - Miss
BMY
Sec Filings
- 5/9/24 - Form 8-K
- 5/3/24 - Form 4
- 4/25/24 - Form 10-Q
- BMY's page on the SEC website