State to Collect Cash in Pfizer Settlement
POSTED: Friday, September 18, 2009 - 7:15am
UPDATED: Thursday, June 3, 2010 - 10:57pm
BATON ROUGE, La. (AP) - A judge's approval of a settlement agreement between the state and Pfizer Inc. means Louisiana will receive more than $670,000 from the drug maker over alleged improper marketing of an antipsychotic drug.
Louisiana was among the states that reached a $33 million settlement with Pfizer, the world's largest drug manufacturer.
State District Judge Janice Clark signed an order Wednesday approving a "petition for assurance of voluntary compliance" filed by the Louisiana Attorney General's Office.
Pfizer allegedly engaged in unfair and deceptive practices when it marketed Geodon for uses that have not been approved by the U.S. Food and Drug Administration.