Bristol-Myers Squibb

Settlement awards $11.3 million to U.S. government for Medicaid expenses

Published in Medicine and Law Weekly, October 15th, 2004

Resolving a massive lawsuit filed 4 years ago by the U.S. government, major breast implant manufacturers Bristol-Myers Squibb, Baxter Healthcare Co., 3M, Union Carbide, and other parties have agreed to pay $11.3 million to reimburse expenses paid out to women injured by silicone gel breast implants.

In September 2002, the government settled for nearly $10 million with the Dow Corning Corporation as part of its bankruptcy proceedings.

Ironically, the government is being paid millions of dollars even though silicone breast implants are still commercially available and manufacturers are requesting that the U.S. Food and Drug Administration (FDA) put the...

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Source: Medicine and Law Weekly (2004-10-15)

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