💨 Abstract

Pharmaceutical giants Bristol Myers Squibb and Sanofi have agreed to pay Hawaii $700 million to settle a lawsuit regarding the blood thinner Plavix. The state had initially sought $916 million, claiming the companies failed to update labels despite knowing about potential diminished effectiveness, particularly in non-Caucasian patients. The settlement, to be paid by June 9, was hailed as a significant victory for Hawaii. Sanofi emphasized its commitment to developing innovative medicines.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖