Bristol-Myers Squibb is finally getting off probation with the end of its two-year deferred prosecution period today. "Bristol-Myers Squibb has made significant and transformational changes in its compliance practices as a result of the DPA [deferred prosecution agreement," said U.S. attorney Christopher J. Christie. The company agreed to stick to the letter of the law back in 2005 in order to escape prosecution for an illegal scheme known as channel stuffing.
- check out the statement from BMS
- read the MarketWatch report
ALSO: Bristol-Myers announced that its drug Orencia may be effective as a therapy against arthritis in children. Orencia is approved for adults. Report
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