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Published: Tuesday, 5/8/2012

Abbott Laboratories to pay $1.5B settlement


WASHINGTON — Abbott Laboratories has pleaded guilty and agreed to pay $1.5 billion over allegations that it promoted the anti-seizure drug Depakote for uses that were not approved by the Food and Drug Administration.

At a news conference at the Justice Department, U.S. Attorney Timothy Heaphy said that top executives of Abbott carried out a strategy of systematically marketing the drug for purposes other than what federal regulators had intended.

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