Bristol-Myers Squibb Company Finalizes Settlement of Previously Disclosed Federal Investigation into Pricing, Sales and Marketing Practices

NEW YORK, Sept. 28 /PRNewswire-FirstCall/ -- Bristol-Myers Squibb Company (NYSE: BMY - News) announced today that it has finalized a civil settlement agreement with the United States Department of Justice (“DOJ”) and the Office of the United States Attorney for the District of Massachusetts resolving the previously disclosed investigations that began several years ago involving the company’s drug pricing, and sales and marketing activities. The company announced in December 2006 that an agreement in principle had been reached. In connection with the settlement, the company has entered into a five-year corporate integrity agreement with the Office of the Inspector General of the Department of Health and Human Services (“OIG”) that provides for, among other obligations, the continued development and maintenance of the company’s compliance programs relating to the company’s U.S. pharmaceuticals business.

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