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Evista Drug

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BUSINESS
December 22, 2005 | From Bloomberg News
Eli Lilly & Co. agreed to plead guilty to a misdemeanor and pay $36 million to settle criminal and civil complaints over the marketing of its Evista osteoporosis drug for unapproved uses. The settlement was reached with the Justice Department and the U.S. attorney's office for the Southern District of Indiana. The government said Evista, with 2004 sales of $1.01 billion, was promoted for breast cancer prevention and reduction in cardiovascular risks. Lilly shares fell 2 cents to $57.
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BUSINESS
December 22, 2005 | From Bloomberg News
Eli Lilly & Co. agreed to plead guilty to a misdemeanor and pay $36 million to settle criminal and civil complaints over the marketing of its Evista osteoporosis drug for unapproved uses. The settlement was reached with the Justice Department and the U.S. attorney's office for the Southern District of Indiana. The government said Evista, with 2004 sales of $1.01 billion, was promoted for breast cancer prevention and reduction in cardiovascular risks. Lilly shares fell 2 cents to $57.
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BUSINESS
August 15, 2002 | Bloomberg News and Reuters
Eli Lilly & Co. said regulators may require a new trial for its experimental treatment for attention deficit hyperactivity disorder, a drug Wall Street has been counting on to win approval and become a big seller. A Lilly spokesman said the Food and Drug Administration has deemed the drug, called Strattera, "approvable." But he said final approval was contingent on the firm providing the FDA additional clinical trial data or analyses that might require a new trial.
BUSINESS
September 15, 1997 | From Bloomberg News
Merck & Co.'s osteoporosis drug, Fosamax, cuts the chances that patients with the bone-thinning disease will be hospitalized, according to findings released Sunday. Women treated with Fosamax, also called alendronate, were 20% less likely to be hospitalized than those taking a placebo, a study said. The study also provides the first evidence that older women who break a bone are more likely to be hospitalized for other reasons, Merck said.
BUSINESS
April 21, 1998 | From Times Staff and Wire Reports
Technology and drug stocks rocketed Monday, but the broad market had a mixed session as bond yields rose. The tech-heavy Nasdaq composite surged 20.54 points, or 1.1%, to a record 1,887.14. But the Dow Jones industrial average lost 25.66 points from Friday's record high, to 9,141.84, hurt by profit-taking in recently high-flying financial issues. The Standard & Poor's 500 index edged into record territory just before the close, reversing an earlier loss.
BUSINESS
April 21, 1998 | From Times Wire Services
Technology and drug stocks rose sharply Monday, leading several market measures to new highs, but blue-chip shares pulled back as investors locked in some of last week's record-setting gains. Bond prices closed sharply lower. The Dow Jones industrial average ended with a loss of 25.66 points after dipping 76 points, to close at 9,141.84. The index gained 90 points Friday, closing at a record 9,167.50.
BUSINESS
October 2, 1999 | From Times Staff and Wire Reports
Wall Street ended broadly lower Friday as bond yields shot higher, amid new reports showing the economy remains robust. But stocks pared their losses late in the day. The Dow industrials ended down 63.95 points, or 0.6%, at 10,273.00 after falling as much as 152 points. The Standard & Poor's 500 index eked out a small gain on the first day of the fourth quarter.
BUSINESS
April 18, 1998 | From Times Staff and Wire Reports
The stock market on Friday shook off Thursday's profit-taking and rallied again, with key indexes hitting record highs. Despite news of a worsening trade deficit, and lower stock markets across Asia and Europe, the Dow Jones industrial average shot up 90.93 points, or 1%, to a record 9,167.50, in an advance that gained steam all day. Friday's Dow record eclipsed the previous high of 9,162.27 set Wednesday and left the blue-chip index up 1.9% for the week and 16% for the year.
BUSINESS
April 18, 1998 | From Times Wire Services
Stocks closed higher Friday, reversing the market's one-day slide and gaining just enough to close the week at record highs. Bonds ended little changed. The Dow Jones industrial average rose 90.93 points to 9,167.50, erasing Thursday's 85-point drop and squeaking past Wednesday's record close of 9,162.27. Most broad-market measures also set new highs by a narrow margin as Wall Street quickly shrugged off a brief bout of renewed worry about Japanese and Asian recovery efforts.
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