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TALLAHASSEE - Attorney General Charlie Crist today announced that checks are being mailed to more than 800 eligible Floridians beginning this week as part of a settlement agreement with Bristol-Myers Squibb for unlawfully monopolizing the manufacture and sale of the anticancer drug Taxol and its generic form paclitaxel.
“This is a major step forward for Floridians who were charged too much for this life-giving cancer treatment,” said Crist. “We will continue to fight to ensure that our citizens receive high-quality medication at reasonable prices.”

The settlement was the result of an antitrust case filed against Bristol-Myers Squibb by the Florida Attorney General’s Office and attorneys general from the 49 other states, the District of Columbia and U.S. territories. The lawsuit alleged that the company obtained invalid patents for Taxol, which delayed the availability of lower-cost generic substitutes. As a result of the company’s actions, patients had to pay higher prices for the drug. The settlement was approved last November and victims were asked to submit claims before February 29, 2004.

More than 800 claims were submitted by Floridians, and restitution for these victims totals more than $453,000. Individuals whose Taxol treatments were covered in part by insurance, or who paid the entire cost of one treatment, will receive checks for $525. Those who paid the entire cost for two or more treatments will receive $438 for each treatment.

As part of the settlement, the State of Florida will receive an additional $2.1 million. $1.5 million will go to the state’s General Revenue budget and the remaining $600,000 will go to state and local hospitals that were overcharged for Taxol.







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