Pfizer, the country’s largest drugmaker, will absorb the generic pharmaceutical company Mylan, potentially creating a global generic powerhouse. The two companies said Monday that they’ll combine Mylan, a $10 billion company, with Pfizer’s  Upjohn, which sells household names from Viagra ...

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The U.S. Supreme Court left intact a $142 million award against Pfizer Inc. and let two similar suits go forward with claims that the drugmaker defrauded insurers by illegally marketing its Neurontin epilepsy drug.

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U.S. District Judge Janet Bond Arterton’s Aug. 5 ruling brings the amount Pfizer must pay Margaret Fraser over her claims the hormone-replacement medicine caused her cancer to $5.76 million.

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Pfizer Inc. and its bankrupt Quigley Co. unit are close to a settlement with a group of alleged asbestos victims that would resolve the drugmaker’s liability for billions of dollars in potential claims, a lawyer said.

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Company executives gauge their standing with the public partly from verdicts U.S. juries hand down in business litigation. In 2009, they weren’t very popular. The top five product-defect verdicts rose 52 percent in total value last year to $620 million ...

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Prosecutor Michael Loucks remembers clearly when lawyers for Pfizer Inc., the world’s largest drug company, looked across the table and promised it wouldn’t break the law again. It was January 2004, and the attorneys were negotiating in a conference room ...

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Pfizer Inc. doesn’t have to pay more than $27 million in punitive damages to an Arkansas woman who blamed her breast cancer on the company’s menopause drugs, an appeals court ruled in ordering a new trial on the award. The ...

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A Pfizer Inc. unit must pay an undisclosed amount of punitive damages to an Illinois woman who developed breast cancer after taking one of the drugmaker’s menopause treatments, a Philadelphia jury said Monday. Jurors deliberated 25 minutes before finding Pfizer’s ...

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Pfizer Inc., the world’s biggest drugmaker, lost a bid to bar a consultant and plaintiffs’ attorneys in lawsuits over its epilepsy drug Neurontin from talking to prospective witnesses. Pfizer alleged Dr. David Egilman, a Brown University medical professor, “improperly contacted” ...

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Pfizer sales folks had one tough customer in psychiatrist Stefan Kruszewski. He didn’t buy their pitch to prescribe the anti-psychotic drug Geodon to children, a use that hadn’t been approved by federal regulators. Nor did he go for the so-called ...

Tagged with: Brian Kenney Geodon John Kopchinski Pfizer Stefan Kruszewski

Missouri gets $22M, breaking fraud recovery record

The state of Missouri will receive $22 million from Pfizer Inc. as part of a $2.3 billion nationwide Medicaid fraud settlement. The $22 million award marks a record-breaking year for the state in Medicaid fraud recovery. The Attorney General's Office said so far in 2009 it has collected more than $75 million in Medicaid fraud recovery.

Tagged with: Chris Koster fraud Medicaid Pfizer settlement