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Abbott Laboratories plans to split company, settle Depakote suits

Abbott Laboratories, the manufacturer of Depakote, has announced that they will be splitting up into two different companies. One of them will be selling prescription drugs and the other will focus on other things such as medical devices and baby formula.

Experts have said that the logic behind the split it because the non-drug business have been growing rapidly and they are hoping to raise their stock. The other announcement was that Abbott Labs has settled with the federal government on claims that they marketed the drug, Depakote, for unapproved uses such as treatment for Alzheimer’s disease.

It also stated that they paid doctors to promote Depakote for the treatment of dementia in order to boost its sales. This information came about in a lawsuit brought up from former Abbott employees.

Depakote has also been in the middle of legal news because of its link to an increased risk of birth defects if taken while pregnant. If this has happened to you or someone you love, please contact the Depakote birth defect lawsuit lawyers of Williams Hart by calling 800-761-3187 today.

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