Plagued by probes into its questionable sales and marketing practices, Bristol-Myers Squibb has tentatively agreed to pay $499 million to settle up with the Justice Department and the U.S. Attorney for Massachusetts. Bristol-Myers has also agreed to sign a corporate integrity agreement with the feds but will not face criminal charges. Final details of the agreement still have to be worked out.
- check out the company's release [1] on the settlement
- here's the report [2] on BMS from MarketWatch
Related Article:
Cornelius get big payday for BMS temp job. Report [3]
BMS board fires CEO Dolan, general counsel. Report [4]
Links:
[1] http://www.fiercebiotech.com/node/5029
[2] http://www.marketwatch.com/news/story/bristol-myers-settle-pricing-sales-probe/story.aspx?guid=%7B7EAB1B1C-7C07-49FF-B14F-119AB2AAF1D9%7D
[3] http://www.fiercebiotech.com/story/cornelius-get-big-payday-for-bms-temp-job/2006-11-07
[4] http://www.fiercebiotech.com/story/bms-board-fires-dolan-general-counsel/2006-09-12